The president of Goldman Sachs, David Solomon, commented on the company’s robust financial results, noting that these “strong” figures highlight how, during times of significant uncertainty, clients are increasingly turning to Goldman Sachs for execution and understanding.
“While we enter the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue supporting our clients,” Solomon remarked, referencing the trade tensions prompted by tariffs announced by U.S. President Donald Trump.
Goldman Sachs’ global banking and markets division saw a 10% rise in revenues, reaching $10.71 billion (9.42 billion euros), and equity trading revenues increased by 27%, amounting to $4.19 billion (3.69 billion euros).
The fixed income division experienced an annual revenue growth of 2%, totaling $4.4 billion (3.87 billion euros), slightly below the forecasted $4.56 billion (4.01 billion euros).
Investment banking fees declined by 8%, falling to $1.91 billion (1.68 billion euros), due to lower advisory revenues.
Related Article:
