Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, DC, USA on October 30, 2025.
Kevin Lamarque | Reuters
goldman sachs is scheduled to report fourth-quarter earnings before the opening bell on Thursday.
Here’s what Wall Street is expecting.
Revenue: $11.67 per share, according to LSEG Earnings: $13.79 billion, according to LSEGT Trading revenue: $2.93 billion in bonds, $3.7 billion in equities (per StreetAccount) Investment banking fees: $2.58 billion (per StreetAccount)
Goldman Sachs is set to benefit from several trends in the fourth quarter.
Wall Street trading desks have benefited over the last year as President Donald Trump’s policies disrupted bond, currency, commodity and stock markets.
For example, rival JP Morgan Chase Fourth quarter equity and fixed income trading revenue exceeded expectations, exceeding street account expectations by a combined $460 million.
Global investment banking revenue rose 12% in the quarter from a year earlier, according to Dealogic, which should provide a tailwind for Goldman’s advisory business.
The company’s wealth and asset management division is also expected to benefit from continued strong stock market levels in the quarter.
Finally, the bank announced last week that a deal to transfer its Apple Card business to JPMorgan would boost quarterly results by 46 cents per share.
This story is developing. Please check back for the latest information.
