GS: Goldman Sachs Post 15% Profit Surge as Stock Traders Just Had the Best Quarter Ever

Wall Street bank’s A-team of stock bros had a busy quarter, delivering a 27% increase in trading revenue to $4.2 billion.

📈 Goldman’s Traders in the Spotlight

• Goldman Sachs GS is back in its element — and its traders are doing laps around Wall Street. The New York-based banking titan posted a 15% jump in quarterly profit, clocking in at $4.74 billion — or a jaw-dropping $14.12 per share — well ahead of analyst expectations of $12.33.
• But the real fireworks came from Goldman’s stock trading desk, where the A-team of market sharpshooters delivered a massive 27% surge in trading revenue, hitting $4.2 billion — their best quarter ever.

🚀 Stock Pops 2%

• Overall revenue for Goldman arrived at $15.06 billion in the first three months of the year, up 6% and topping analysts’ consensus views of $14.77 billion. The shares rose about 2% in pre-market deals Monday.
• “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,” said David Solomon, the firm’s chief executive, in a statement on Monday.

📞 Goldman Follows JPMorgan

• Goldman’s earnings results contribute to a string of solid showing for the investment banks on Wall Street. Last week, JPMorgan JPM swung to a quarterly profit of $14.6 billion, up 9% from the year-ago quarter.
• These heavy hitters in the financial world swooped in the good numbers right before Donald Trump wreaked havoc across the market with his punishing tariffs. In other words, the second three months of the year will reflect the President’s sweeping levies, which triggered waves of fear and greed.