Post by George Kazamias

Goldman Sachs’ (GS) profits climbed in the first quarter, fueled by jumps in M&A dealmaking and record equity trading. The Wall Street bank reported that net earnings rose 19% to $5.6 billion in the first three months of 2026. That came through as $17.55 per share, exceeding the $16.34 per share that analysts forecast. Goldman said revenue in its equity trading division rose 27% to a record $5.3 billion. Dealmaking fees jumped 48% to $1.5 billion over the same period, driven by its M&A advisory unit. Not all was stellar in Goldman’s trading division, however. Within its fixed income, currencies, and commodities intermediation business, revenue fell 13% from the first quarter of 2025 to $4 billion. Analysts were expecting $855 million more. “Goldman Sachs delivered very strong performance for our shareholders this quarter, even as market conditions became more volatile,” Goldman CEO David Solomon said in a earnings release statement. “The geopolitical landscape remains very complex — so disciplined risk management must remain core to how we operate,” Solomon added.