Goldman Sachs CEO David Solomon speaks on CNBC’s Squawk Box on April 22, 2025.
CNBC
Goldman Sachs is scheduled to report third-quarter results before the opening bell on Tuesday.
Here’s what Wall Street is expecting.
Earnings per share: $11 (as per LSEG) Revenue: $14.1 billion (as per LSEGT) Trading revenue: $3.19 billion in bonds, $3.9 billion in equity (per StreetAccount) Investment banking fees: $2.15 billion (per StreetAccount)
Goldman Sachs will benefit from several trends in the third quarter.
Wall Street trading desks are benefiting as President Donald Trump’s tariff policies disrupt bond, currency, commodity and stock markets.
Dealogic said its investment banking business, which includes mergers and IPOs, gained momentum, with third-quarter revenue up 22% from a year earlier.
Finally, stock prices at or near all-time highs bode well for the company’s wealth and asset management division.
Goldman Sachs derives most of its revenue from Wall Street activities such as trading and investment banking. This can lead to exorbitant profits in good times and poor performance when markets don’t cooperate.
The company announced Monday that it will acquire Industry Ventures, a venture capital firm with $7 billion in assets under supervision, to strengthen its asset management arm.
The bank’s stock price has risen 37% this year.
JPMorgan Chase, Wells Fargo and Citigroup will also report their results on Tuesday, while Bank of America and Morgan Stanley will report results on Wednesday.
This story is developing. Please check back for the latest information.
