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Goldman Sachs (GS.US) 1Q26 Profit and Revenue Beat; Fixed Income Miss Weighs, Shares Fall 4% Pre-Market
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Goldman Sachs (GS.US) reported that its net profit for 1Q26 rose 19% YoY to USD5.63 billion, with EPS of USD17.55, above market expectations of USD16.49. However, revenue from its fixed income business fell well short of expectations, and the stock dropped 4% in pre-market trading. Revenue for the quarter increased 14% YoY to USD17.23 billion, also beating expectations of USD16.97 billion. Among segments, equities revenue rose 27% to USD5.33 billion, while investment banking fees surged 48% to USD2.84 billion, both exceeding forecasts. However, the companys fixed income segment underperformed, with revenue declining 10% YoY to USD4.01 billion, USD910 million below expectations, mainly due to a sharp drop in revenue from interest rate products, mortgages and credit businesses. (sw/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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