David Solomon, CEO of Goldman Sachs, speaks during an interview at the Economic Club of Washington in Washington, DC, United States, October 30, 2025.
Kevin Lamarque | Reuters
Goldman Sachs is expected to report its fourth-quarter results before the opening bell on Thursday.
Here’s what Wall Street expects:
- Winnings: $11.67 per share, according to LSEG
- Income: $13.79 billion, according to LSEG
- Trading income: $2.93B Fixed Income, $3.70B Stocks, per StreetAccount
- Investment banking fees: $2.58 billion per StreetAccount
Goldman Sachs should benefit from several trends in the fourth quarter.
Wall Street stock markets benefited last year from President Donald Trump’s policies that shook bond, currency, commodities and stock markets.
For example, rival JPMorgan Chase beat expectations for fourth-quarter earnings on equity and fixed-income trading revenue that topped StreetAccount’s estimate by a total of $460 million.
Global investment banking revenues in the quarter were 12% higher than a year ago, according to Dealogic, which should provide a boost to Goldman’s advisory business.
The company’s asset and wealth management division is also expected to post gains as stock market levels remained buoyant during the quarter.
Finally, the bank said last week that its deal to take its Apple Card business to JPMorgan would result in a 46 cents per share increase in its quarterly results.
This story is developing. Please check again for updates.