Overview
- Goldman Sachs posted a Q1 2025 profit of $4.74 billion, up 15% from the previous year, exceeding analyst expectations.
- Equities trading revenue reached a record $4.2 billion, a 27% increase, fueled by market turbulence linked to new U.S. tariffs.
- Investment banking fees fell 8%, and advisory fees dropped 22%, reflecting a slowdown in mergers and acquisitions activity.
- CEO David Solomon highlighted the challenges posed by a 'markedly different operating environment' shaped by political and economic uncertainties.
- Executive compensation drew scrutiny, with Solomon and COO John Waldron receiving $80 million retention bonuses each, ahead of a shareholder vote on pay policies.