Goldman Sachs posts $3.72B profit as bank’s – Business News
Goldman Sachs posted a $3.72 billion profit for the second quarter of 2025, the bank stated on Wednesday, amid a robust displaying for the Wall Street giant’s trading models
That quantities to earnings of $10.91 per share, larger than the estimate forecast by analysts on the London Stock Exchange Group of $9.53 per share.
Goldman Sachs CEO David Solomon, seen right here final month, is set to deal with the bank’s newest numbers with Wall Street analysts later at the moment. Getty Images
Goldman’s equities trading income rose 36% to $4.3 billion, larger than the $3.6 billion analysts had been anticipating, in line with 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 a assertion.
“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 continued uncertainty from President Trump’s commerce and tariff insurance policies.
Goldman’s investment banking charges stood at $2.19 billion, rising 26% from a yr in the past. Analysts had been anticipating a almost 10% bounce.
“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 financial companies analysis at Argus Research.
Solomon, who raked in $39 million in compensation final yr, and his second-in-command, chief working officer John Waldron have confronted heat from some Wall Street observers after each obtained a five-year $80 million golden handcuffs bonus.
The eye-popping sums had been seen as a play to keep Solomon and Waldron with the firm.
In March, the Financial Times reported that Waldron was eyeing a $500 million job in non-public equity with Marc Rowan’s Apollo Global Management.
Defenders of the payouts have likewise pointed to Goldman’s surging earnings, which despatched its share price surging by more than 42% over the previous yr.
This is a breaking information story. Please verify back for updates.
