The stock dropped roughly 2% intraday after initially plunging more than 4% at the open.
Iran is on the bank-executive mind this earnings season.
Earlier today, Goldman Sachs' released strong earnings driven by trading strength. Goldman's revenues of $17.2 billion and earnings per share of $17.55 surpassed Wall Street analysts' and my expectations.
The Goldman Sachs Group, Inc. (GS) Q1 2026 Earnings Call Transcript
GS reports solid Q1 results on record equities and strong IB fees, but shares slip as fixed income weakness and higher expenses weigh on sentiment.
Goldman Sachs' CEO says Iran conflict hasn't dented M&A, even as Hormuz tensions rise. David Solomon pointed to a robust backlog at the bank and said clients are pursuing deals.
Williams-Sonoma (NYSE:WSM) stock is up roughly 2% in early Monday trading, touching $192 after Goldman Sachs (NYSE:GS) stock upgraded the shares to Buy from Neutral this morning.
The investment bank has consistently rewarded its shareholders.
Are stocks priced to perfection? The next few weeks will reveal a lot as to where markets are headed.
Goldman Sachs largely topped estimates with its quarterly results. Other big banks could be set to follow its lead.
Goldman Sachs (NYSE: GS) reported Q1 2026 EPS of $17.55 versus a FactSet estimate of $16.47, with revenue of $17.23 billion, up 14%, against a $16.99 billion estimate.
Although the revenue and EPS for Goldman (GS) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.