Goldman Sachs Benefits from the Turbulence

Goldman Sachs increased its profit in the first quarter of 2025 by 15 percent to $4.74 billion or $14.12 per share.

Revenues increased by 6 percent to $15.06 billion in the first three months. In the period from January to March, the financial institution posted earnings of – an increase of six percent.

The turbulent markets led to a particularly strong increase in income from equity trading. Here, an increase of 27 percent to a record value of $4.2 billion was recorded. Income from trading in fixed-interest securities, foreign exchange and commodities rose by 2 percent to $4.4 billion.

Our strong results this quarter demonstrated that in times of great uncertainty, clients turn to Goldman Sachs for execution and market insights, said CEO David Solomon. While we begin the second quarter in a significantly different environment than at the beginning of the year, we remain confident that we can continue to support our clients.

By contrast, fees in investment banking fell by 8 percent to $1.9 billion in the quarter under review due to lower advisory fees.

Income in the wealth management division fell by 3 percent to $3.68 billion due to losses in equities and bonds. At the end of the quarter, the bank managed record assets of $3.17 trillion.

Morgan Stanley, J.P. Morgan Chase and Wells Fargo had already published their quarterly figures last week.