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The merchants of the actions of Goldman Sachs delivered their best quarter recorded in the first three months of 2025, while the volatility of the market after the return of Donald Trump to the White House increased the benefits of the Wall Street bank.
Goldman An indicated net profit of $ 4.7 billion, up 15% compared to a year ago and beat analysts’ estimates for $ 4.3 billion.
Trading – and actions in particular – was the interpreter out of competition in the quarter, making Goldman the last Wall Street bank To report strong business gains following JPMorgan Chase and Morgan Stanley on Friday.
The share income was 27% more than a year ago, at 4.2 billion dollars. Revenues from the Bank’s income, currency and raw materials division are only 2%higher, to $ 4.4 billion.
The increases highlight why banks wanted to preserve their commercial divisions despite years of low return on the 2008 financial crisis.
The company has experienced difficulties following a stricter regulatory regime, which has made the owners’ trade much more difficult, as well as rocky interest rates that have attenuated market volatility.
But trading has returned to the forefront because the sudden political movements of the Trump administration have sparked a frenzy on the markets.
“It was a long road to come back where they were,” said Jason Goldberg, banking analyst at Barclays.
“The American banks all stuck with it and revived and restructured. This has certainly benefited them in recent years as interest rates and volatility have increased. ”
Although a certain volatility is beneficial for the commercial units of the banks, too much uncertainty can lead to the seizure of the markets.
Volatility has also reduced investment banks. Investment banking fees in Goldman fell 8% to $ 1.9 billion. The number of new offers unveiled since the beginning of January is the the lowest for more than a decade.
Goldman said his backlog of investment banking fees had increased since the end of 2024.
But CEO David Solomon warned that the bank “entered the second quarter with an operating environment that is clearly different from that earlier this year”.
The Division of Goldman’s assets and management of heritage, which is at the heart of Solomon’s efforts to make the benefits of the bank less dependent on the investment bank and trade, said income of $ 3.7 billion.
This fell by 3%, driven lower by lower gains in its public investments and investment capital.
Goldman, whose stock is down approximately 14% so far in 2025, said that its board of directors had approved an equity buyback program of $ 40 billion, against $ 30 billion before.
Goldman’s actions increased by around 1.5% in pre-commercial exchanges.
