<div id="readability-page-1"><div id="ArticleBody-InlineImage-108219469"><div><div><p>Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington, Oct. 30, 2025.</p><p>Kevin Lamarque | Reuters</p></div></div></div><div><p><span id="RegularArticle-QuoteInBody-1">Goldman Sachs<span><span id="-WatchlistDropdown"></span></span></span> is scheduled to report first-quarter earnings before the opening bell Monday. </p><p>Here's what Wall Street expects:</p><ul><li>Earnings: $16.49 per share, according to LSEG</li><li>Revenue: $16.97 billion, according to LSEG</li><li>Trading revenue: Fixed income of $4.92 billion, equities of $4.91 billion, per StreetAccount</li><li>Investing banking fees: $2.5 billion, per StreetAccount</li></ul><p>Goldman Sachs is set up to benefit from several trends during the first quarter.</p><p>Trading desks across Wall Street have been busy at the start of the year as institutional investors set new positions against the churn of AI-led disruption across sectors.</p><p>At the same time, the investment banking rebound is expected to continue, with revenue for the industry set to climb by 10% in the quarter, per Dealogic.</p><p>For Goldman Sachs, which gets most of its revenue from its trading and investment banking franchise, the main question analysts will have is about the impact of the Iran war that started on Feb. 28.</p><p>Disruptive events that impact the price of commodities — like the Iran conflict has — can sometimes force corporate clients to the sidelines, meaning a delay in mergers activity might have started. At the same time, the churn can lead to greater trading revenues thanks to moves in interest rates, bond prices and currencies. </p><p>Shares of the bank have climbed about 3% this year. </p><p><em>This story is developing. Please check back for updates.</em></p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

🏆Winner Rules: Share your honest opinion on the financial report of any bank stock under this topic.Best Viewpoint: HKD 10 Stock Cash Voucher/PersonHigh-Quality Comment: 188 Task Coins/Person*Random rewards for high-quality content, no limit on the number of winners. Content must be well-reasoned, supported by evidence, and based on independent judgment. Purely AI-generated content is not accepted!Contest ends: April 17th, 24:00. Prizes will be distributed within 15 working days after the event ends. Changqiao reserves the right to interpret these rules.

<p>🏆Winner Rules: Share your honest opinion on the financial report of any bank stock under this topic.</p><p>Best Viewpoint: HKD 10 Stock Cash Voucher/Person</p><p>High-Quality Comment: 188 Task Coins/Person</p><p>*Random rewards for high-quality content, no limit on the number of winners. Content must be well-reasoned, supported by evidence, and based on independent judgment. Purely AI-generated content is not accepted!</p><p>Contest ends: April 17th, 24:00. Prizes will be distributed within 15 working days after the event ends. Changqiao reserves the right to interpret these rules.</p>

Big Six Bank Earnings: Can Wall Street Hold?

FNCL

GS-A

GS-C

GS-D

<p>Goldman Sachs is set to report its first-quarter earnings, with Wall Street expecting earnings of $16.49 per share and revenue of $16.97 billion. The bank is anticipated to benefit from trends in trading and investment banking, despite potential impacts from the ongoing Iran conflict. Analysts are particularly interested in how these factors may affect corporate client activity and trading revenues. Goldman Sachs shares have risen about 3% this year.</p>

CNBC

Goldman Sachs is set to report first-quarter earnings — here's what Wall Street expects