Goldman Sachs is scheduled to announce its first-quarter financial results before the opening bell on Monday, offering a glimpse into how the investment bank navigated a dynamic market environment in early 2025, CNBC reports.
Wall Street is projecting earnings per share of $12.35 and revenue totaling $14.81 billion, according to estimates from LSEG. Analysts will also look closely at performance across key business lines, including fixed income and equities trading, investment banking, and wealth management. A call with analysts is set for 9:30 a.m. ET following the report.
According to data from StreetAccount, Goldman Sachs is expected to report $4.56 billion in fixed income trading revenue and $3.65 billion from equities trading. Investment banking revenue is forecast to come in at approximately $1.94 billion.
Recent market conditions could play to the bank’s advantage. Competitors JPMorgan Chase and Morgan Stanley recently posted stronger-than-expected first-quarter earnings, bolstered by robust equities trading revenue, which surged 48% and 45% respectively. Those gains were largely driven by volatility in the early part of the year, which often benefits trading divisions.
Goldman’s wealth and asset management segment—identified by CEO David Solomon as a key growth area—may also have seen gains, helped by strong markets throughout most of the quarter ending March 31.
However, more recent market turbulence, particularly following former President Donald Trump’s moves to escalate trade tensions, has introduced new uncertainty. Goldman Sachs shares are down 14% year-to-date through Friday, reflecting broader concerns about how financial institutions will fare amid policy shifts and market fluctuations.
Investors and analysts will pay close attention to CEO David Solomon’s comments during the earnings call, particularly any insights from conversations with corporate clients and institutional investors navigating the shifting economic and political landscape.
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