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 estimate
- Revenue: $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.
This story is developing. Please check back for updates.
