Goldman Sachs CEO David Solomon discussed the bank’s upcoming performance during an interview at the Economic Club of Washington on October 30, 2025. The firm is poised to release its fourth-quarter earnings before the market opens on Thursday.
Wall Street analysts, according to LSEG, anticipate earnings of $11.67 per share and a revenue of $13.79 billion. Trading revenue is expected to comprise $2.93 billion from fixed income and $3.70 billion from equities, based on figures from StreetAccount. Moreover, the investment banking fees are projected to reach $2.58 billion.
Goldman Sachs is positioned to reap benefits from various trends apparent during the fourth quarter. Trading activities have surged as market volatility increased due to policies enacted under President Donald Trump, affecting bonds, currencies, commodities, and stocks. For example, JPMorgan Chase recently surpassed expectations, reporting higher-than-anticipated trading revenues in both equities and fixed income by $460 million, thwarting StreetAccount estimates.
According to Dealogic, global investment banking revenue grew by 12% compared to the previous year, likely enhancing Goldman’s advisory services. The bank's asset and wealth management divisions are also expected to perform well due to stable stock market levels.
Additionally, Goldman recently announced that its agreement to transfer the Apple Card business to JPMorgan would positively impact their results, contributing an extra 46 cents per share to the quarterly outcomes.
This report is being updated as more information becomes available. Please stay tuned for further insights.