Goldman Sachs (GS) earnings Q2 2025

Introduction to Goldman Sachs Earnings

Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023.
Brendan Mcdermid | Reuters
Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday.

Expected Earnings and Revenue

Here’s what Wall Street expects:

• Earnings: $9.53 per share, according to LSEG
• Revenue: $13.47 billion, according to LSEG
• Trading Revenue: Fixed income of $3.28 billion, equities of $3.65 billion, per StreetAccount
• Investing Banking fees: $1.9 billion, per StreetAccount

Market Trends and Performance

Goldman Sachs is set up to be a beneficiary of several trends in the second quarter.
Trading desks across Wall Street have benefited as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks.
Investment banking activity including mergers and debt issuance has exceeded expectations at rivals including JPMorgan Chase thanks to a sharp rebound in asset values from April lows.
That recovery in stock prices also bodes well for the firm’s asset and wealth management division.
Goldman Sachs gets the majority of its revenue from Wall Street activities including trading and investment banking. That can lead to outsized returns during boom times and underperformance when markets don’t cooperate.

Stock Performance

Shares of the bank have climbed 23% this year.
On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that topped analysts’ expectations for earnings and revenue.

Conclusion

Goldman Sachs is expected to report strong earnings and revenue for the second quarter, driven by trends in trading and investment banking. The company’s stock has performed well this year, and the recovery in asset values is expected to benefit its asset and wealth management division.

FAQs

Q: When is Goldman Sachs scheduled to report its second-quarter earnings?
A: Goldman Sachs is scheduled to report its second-quarter earnings before the opening bell Wednesday.
Q: What are the expected earnings and revenue for Goldman Sachs?
A: The expected earnings are $9.53 per share, and the expected revenue is $13.47 billion.
Q: How have trading desks across Wall Street performed in the second quarter?
A: Trading desks have benefited from President Donald Trump’s tariff policies, which have roiled markets for bonds, currencies, commodities, and stocks.
Q: How has investment banking activity performed at Goldman Sachs’ rivals?
A: Investment banking activity has exceeded expectations at rivals, including JPMorgan Chase, thanks to a sharp rebound in asset values from April lows.
Q: How has the recovery in stock prices affected Goldman Sachs’ asset and wealth management division?
A: The recovery in stock prices is expected to benefit the firm’s asset and wealth management division.