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Goldman Sachs (GS) reported its first-quarter results on Monday. Both revenue and profit were up from the same period a year earlier.
The firm reported earnings per share (EPS) that rose 22% year-over-year to $14.12 on revenue of $15.06 billion, while analysts surveyed by Visible Alpha expected $12.33 and $14.78 billion, respectively. Net interest income came to $2.90billion, which was below the consensus of $3.30billion.
"While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients," Goldman Sachs CEO David Solomon said.
Goldman Sachs’ shares rose 1.3% shortly after the markets opened. They were down about 14% from the beginning of the year when they opened the day.
Morgan Stanley (MS), JPMorgan Chase JPM) and Wells Fargo WFC all surpassed estimates last week. Bank executives are cautious about the rest 2025 due to the uncertainty surrounding the Trump administration’s new tariffs.
UPDATE—This article has been updated with the latest share price information.
