Goldman Sachs' Q1 earnings show a 36% increase in net earnings despite modest revenue growth and higher operating expenses, indicating strong financial performance. CEO Solomon warns of a challenging Q2 due to a changing operating environment and potential recession impacts from the ongoing tariff war. The bank's revenue is now heavily reliant on market-facing segments, with deal-making shrinking significantly, and increasing risks overall from U.S.-China trade tensions.
Goldman Sachs (GS 2.33%), a leading global investment banking firm, revealed its Q1 2025 GAAP earnings on 2025-04-14.
The Goldman Sachs Group, Inc. (NYSE:GS ) Q1 2025 Earnings Conference Call April 14, 2025 9:30 AM ET Company Participants David Solomon - Chairman and CEO Denis Coleman - CFO Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Devin Ryan - Citizens Matt O'Connor - Deutsche Bank Erika Najarian - UBS Gerard Cassidy - RBC Jim Mitchell - Seaport Global Securities Saul Martinez - HSBC Dan Fannon - Jefferies Operator Good morning. My name is Katie, and I will be your conference facilitator today.
GS first quarter 2025 results reflect a rise in the Global Banking & Markets division, with record Equity trading revenues.
Bank stock Goldman Sachs Group Inc (NYSE:GS) is up 2.5% at $506.83 at last glance, after the company's better-than-expected first-quarter report.
While the top- and bottom-line numbers for Goldman (GS) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) opened around 3% higher on Wall Street despite a slowdown in investment banking fees, as strong trading revenue lifted overall results. First-quarter profits rose 15% to $4.74 billion, with revenue up 6% at $15 billion.
Goldman Sachs (GS) came out with quarterly earnings of $14.12 per share, beating the Zacks Consensus Estimate of $12.71 per share. This compares to earnings of $11.58 per share a year ago.
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.