Introduction to Goldman Sachs’ Q4 Earnings
Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, D.C., U.S., Oct. 30, 2025.
Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Thursday. As one of the leading investment banks, its performance is closely watched by investors and analysts alike.
Expected Earnings and Revenue
Here’s what Wall Street expects from Goldman Sachs’ Q4 earnings:
- Earnings: $11.67 per share, according to LSEG
- Revenue: $13.79 billion, according to LSEG
- Trading revenue: Fixed income of $2.93 billion, equities of $3.70 billion, per StreetAccount
- Investing banking fees: $2.58 billion, per StreetAccount
These expectations are based on the bank’s historical performance and current market trends.
Trends Benefiting Goldman Sachs
Goldman Sachs is set up to be a beneficiary of several trends in the fourth quarter. Trading desks across Wall Street have benefited in the last year as President Donald Trump’s policies have roiled markets for bonds, currencies, commodities, and stocks.
For instance, rival JPMorgan Chase topped expectations for fourth-quarter results on equities and fixed income trading revenue that exceeded the StreetAccount estimate by a combined $460 million. Global investment banking revenue in the quarter was 12% higher than a year ago, according to Dealogic, which should provide a boost to Goldman’s advisory business.
Asset and Wealth Management Division
The firm’s asset and wealth management division should also see gains as stock market levels remained buoyant in the quarter. This is due to the overall positive performance of the stock market, which has led to increased assets under management and higher fees for the bank.
Finally, the bank said last week that its deal to offload its Apple Card business to JPMorgan would result in a 46-cents-per-share boost to quarterly results. This one-time gain will contribute to the bank’s overall earnings for the quarter.
Conclusion and Further Reading
This story is developing. Please check back for updates. For more information on Goldman Sachs’ Q4 earnings, visit Here
Smart Tip for Readers
When analyzing a company’s earnings report, it’s essential to consider both the actual results and the expectations of Wall Street analysts to get a comprehensive understanding of the company’s performance. By comparing the two, readers can gain insights into the company’s strengths and weaknesses and make more informed investment decisions.
