Goldman's profit rose to $4.74 billion, or $14.12 per share, for the three months ended March 31, the bank said. That compared with $4.13 billion, or $11.58 per share, a year earlier.
Goldman Sachs reported earnings for the first quarter of 2025 on Monday. The bank said it brought in net revenue of more than $15 billion in the quarter.
Shares in Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) climbed 2.6% pre-market as the bank reported stronger earnings than expected and announced a $40 billion share buyback. Earnings per share came in at $14.12 for the first quarter, versus the $12.26 consensus estimate, strongly higher than the $11.58 for the first quarter of 2024 and $11.95 for the fourth quarter of 2024.
Goldman Sachs (GS) shares advanced in premarket trading Monday after the bank's first-quarter results mostly topped analysts' estimates.
Goldman Sachs released its earnings after President Donald Trump moved to cool threats of a global trade war.
Goldman Sachs reported a 15% rise in first-quarter profit as market volatility led to record revenue in equities trading and boosted fixed income results.
Sunil Koul of Goldman Sachs has an overweight call on Chinese stocks with a preference for onshore shares, as he expects stronger policy stimulus from Beijing.
Goldman Sachs is set to report first-quarter earnings before the bell on Monday. Wall Street expects earnings per share of $12.35 and revenue of $14.81 billion, according to LSEG.
Steve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain why he's buying the big bank despite his negative outlook for the market.
Goldman Sachs faces a challenging outlook with expected lower economic growth, impacting IPOs, M&A transactions, and fee revenue due to recession concerns and lower asset levels. Valuations remain close to averages, but shares aren't priced for an aggressive slowdown, suggesting that the valuation isn't the most attractive based on the outlook. Due to the high uncertainty of macroeconomic concerns, I am downgrading the stock of Goldman Sachs from a "buy" to a "sell" as the outlook has completely changed since February.
Goldman (GS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Goldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs.