Goldman Sachs earnings jump. But CEO David Solomon has a warning

Goldman Sachs earnings jump. But CEO David Solomon has a warning

Goldman Sachs (GS) opened the floodgates on first-quarter earnings Monday, reporting a 15% jump in profit to $4.74 billion, or $14.12 per share. Strong trading revenues fueled the beat, and shares climbed 1.7% at the open — despite being down about 14% year-to-date.Read more...

Goldman Sachs reports 15% profit growth in Q1 2025

Goldman Sachs Group has reported net earnings of $4.74bn for the first quarter (Q1) of 2025, marking a 15% increase from $4.13bn in Q1 2024. Net revenues for Q1 2025 reached $15.06bn, up 6% from $14.21bn in the same quarter of the prior year. The growth was driven by higher net revenues in global banking and markets, which outweighed the slight decline in asset and wealth management revenues. In Q1 2025, asset and wealth management net revenues …

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Goldman Sachs is preparing to cut approximately 3–4% of its global workforce — around 1,900 jobs — in May as part of its annual performance review and cost-efficiency strategy, according to a report by eFinancialCareers. The redundancies are expected to result in severance charges of $150 million (£120 million approx.) in the second quarter, translating to an average payout of nearly $80,000 (£64,000) per employee. Chief Financial Officer Dennis…

By Editorial Board of Sin Comillas, Goldman Sachs earned 17% more between January and March of this year, up to $4.583 million. Revenues amounted to $15.062 million, an increase of 6%. The investment bank says that the trade war promoted by the United States is already beginning to be noticed, which has generated a climate of maximum uncertainty among investors. Activity in the investment banking segment declined 8%. David Solomon, chief executi…

US investment bank Goldman Sachs reported net income of $4.58 billion, or $14.12 per share, in the first quarter of this year. Revenue rose 6 percent to $15.06 billion from the first quarter of last year, the bank said.

The investment bank's net revenues exceeded 15 billion dollars, an increase of 6% compared to the previous year and above market expectations.