David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.
Win Mcnamee | Getty Images
Goldman Sachs on Monday posted first-quarter results that topped analysts’ expectations on stronger-than-expected equities trading revenue.
Here’s what the company reported:
Earnings: $14.12 a share vs. $12.35 LSEG estimateRevenue: $15.06 billion vs. expected $14.81 billion
Goldman Sachs may prove to be a beneficiary of the recent market environment.
On Friday, rivals JPMorgan Chase and Morgan Stanley each topped expectations for first-quarter results on booming equities trading.
Equities trading revenue surged 48% and 45% at the banks, respectively, thanks to volatility in the opening months of President Donald Trump’s tenure amid his efforts to reshape global trade agreements.
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