Overview

• Goldman Sachs reported a 15% rise in Q1 profit to $4.74 billion, exceeding analyst expectations with earnings per share of $14.12.
• Equities trading revenue reached a record $4.2 billion, up 27% year-over-year, driven by market volatility linked to trade policy uncertainty.
• Total revenue grew 6% to $15.06 billion, bolstered by strong trading performance despite an 8% decline in investment banking fees to $1.9 billion.
• CEO David Solomon warned that aggressive U.S. tariffs and trade tensions have created a 'markedly different operating environment,' increasing recession risks.
• Goldman's economists have downgraded U.S. growth forecasts for 2025 from over 2% to 0.5%, reflecting broader economic uncertainty.