Goldman Sachs traders after a quarter of the record

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

Goldman Sachs stock traders achieved the best quarter in the first three months of 2025, as market fluctuations after Donald Trump returned to the White House strengthened profits on the Wall Street bank.

Goldman A net income of $ 4.7 billion was reported, an increase of 15 percent over last year, and analysts estimated at $ 4.3 billion.

Trading – and stocks in particular – was a prominent performance in the quarter, which made Goldman the latest Wall Street Bank To report strong business gains after JPMorgan Chase and Morgan Stanley on Friday.

The stock revenue was 27 percent higher than last year, at $ 4.2 billion. The bank’s fixed income revenues, currencies and commodities were only 2 percent higher, at $ 4.4 billion.

The increases that highlight why banks were keen to maintain their commercial departments despite years of weak returns after the 2008 financial crisis.

The company has struggled as a result of a tougher regulatory system, which made monopolistic trading more difficult, as well as the interest rates of the rocky bottom that are silent market fluctuations.

But trading has returned to the fore, where the Trump administration’s sudden movements sparked madness in the market.

“It has been a long way to return to where they were,” said Jason Goldberg, a Barclays banker analyst.

“All American banks have adhered to, restored and restructured. They have definitely benefited from them in the past few years with increased interest rates and volatility.”

Although some fluctuations are useful for bank trading units, much uncertainty can lead to market absorption.

The fluctuation also reduced investment banking services. Goldman investment fees in Goldman decreased by 8 percent to $ 1.9 billion. The number of new deals that have been revealed since the beginning of January is The lowest in more than a decade.

Goldman said that its investment banking fees increased from the end of 2024.

However, CEO David Solomon warned that the bank was “the second quarter with a significantly different operating environment from the earlier this year.”

Suleiman’s revenues in the Department of Assets and Resources in Goldman, which is essential for Suleiman’s efforts to make the bank’s profits less dependent on investment and trading banking services.

This decreased by 3 percent, as it decreased with smaller gains than public and private stock investments.

Goldman, whose share decreased by 14 percent so far in 2025, said that the Board of Directors had approved the $ 40 billion re -purchase program, an increase of $ 30 billion previously.

Goldman’s shares increased by 1.5 percent in pre -market trading.