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Goldman Sachs Reports 15% Profit Surge in Q1 2025, Driven by Record Trading Revenue

The bank's equities trading revenue soared 27% in a volatile market, while investment banking and advisory fees declined significantly.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo
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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.