Goldman Sachs posts higher profit on strength in dealmaking, equities trading
Equity trading revenue rose 27% to a record $5.33 billion, while investment banking fees jumped 48% as market volatility lifted client activity.
- On Monday, April 13, Goldman Sachs reported its highest quarterly profit in five years, driven by record Equities trading revenue of $5.33 billion, though weakness in FICC markets partially offset the gains.
- Chief Executive David Solomon said the "geopolitical landscape remains very complex," fueling market swings that lifted Equities revenue 27% year-over-year and beat Bloomberg Consensus estimates of $4.9 billion.
- FICC revenue fell 10% to $4.01 billion, missing Bloomberg Consensus estimates by more than $800 million, as Goldman blamed "significantly lower net revenues in interest rate products and mortgages."
- Despite blowout results, the FICC miss sent shares more than 4% lower in premarket trading, while Equities co-head Erdit Hoxha departed for hedge fund Millennium Management.
- Advisory fees surged 89% year-over-year to $1.5 billion, reflecting merger rebound; Total Investment Banking fees hit $2.84 billion as new regulations continue reshaping the bank's business model.
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The American Bank reported financial results for the first quarter of 2026.
Goldman Sachs opens up the figures of the US banks. And the balance sheet does not shine at every angle. Moreover, the environment has increasingly deteriorated at the end of the quarter. Therefore, "disciplined risk management" remains important.
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