Goldman Sachs posted a $3.72 billion revenue for the second quarter of 2025, the financial institution stated on Wednesday, amid a robust displaying for the Wall Avenue large’s buying and selling models
That quantities to earnings of $10.91 per share, increased than the estimate forecast by analysts on the London Inventory Trade Group of $9.53 per share.
Goldman’s equities buying and selling income rose 36% to $4.3 billion, increased than the $3.6 billion analysts had been anticipating, based on estimates compiled by LSEG.
“Our strong results for the quarter reflected healthy client activity levels across our businesses, our differentiated franchise positions and the talent and commitment of our people,” Goldman Sachs CEO David Solomon stated in an announcement.
“At this time, the economy and markets are generally responding positively to the evolving policy environment. But as developments rarely unfold in a straight line, we remain very focused on risk management,” he added in a thinly-veiled reference to the continuing uncertainty from President Trump’s commerce and tariff insurance policies.
Goldman’s funding banking charges stood at $2.19 billion, rising 26% from a 12 months in the past. Analysts had been anticipating an almost 10% leap.
“The well-above consensus rise in investment banking was (a surprise), with a lot of analysts snookered into thinking that macro uncertainty would hold back this line item more than it did,” stated Stephen Biggar, director of monetary companies analysis at Argus Analysis.
Solomon, who raked in $39 million in compensation final 12 months, and his second-in-command, chief working officer John Waldron have confronted warmth from some Wall Avenue observers after each acquired a five-year $80 million golden handcuffs bonus.
The attention-popping sums had been seen as a play to maintain Solomon and Waldron with the agency.
In March, the Monetary Instances reported that Waldron was eyeing a $500 million job in non-public fairness with Marc Rowan’s Apollo World Administration.
Defenders of the payouts have likewise pointed to Goldman’s surging earnings, which despatched its share worth surging by greater than 42% over the previous 12 months.
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