Goldman Sachs Group has reported internet earnings of $4.74bn for the primary quarter (Q1) of 2025, marking a 15% enhance from $4.13bn in Q1 2024.
Internet revenues for Q1 2025 reached $15.06bn, up 6% from $14.21bn in the identical quarter of the prior yr.
The expansion was pushed by greater internet revenues in world banking and markets, which outweighed the slight decline in asset and wealth administration revenues.
In Q1 2025, asset and wealth administration internet revenues had been $3.68bn, down 3% from Q1 2024.
Internet revenues in International Banking & Markets had been 10% greater year-on-year at $10.71bn, benefitting from progress in Equities.
For the quarter ended 31 March 2025, diluted earnings per share (EPS) had been $14.12, in contrast with $11.58 within the earlier yr.
Greater transaction and compensation prices led to working bills of $9.13bn in Q1 2025, a 5% enhance from Q1 2024.
Goldman Sachs chairman and CEO David Solomon stated: “Our robust outcomes this quarter have demonstrated that in occasions of nice uncertainty, shoppers flip to Goldman Sachs for execution and perception.
“Whereas we’re coming into the second quarter with a markedly totally different working surroundings than earlier this yr, we stay assured in our means to proceed to assist our shoppers.”
Lately, Dubai’s Mashreq banking group partnered with Goldman Sachs Asset Administration for discretionary companies.
“Goldman Sachs stories 15% revenue progress in Q1 2025” was initially created and printed by Personal Banker Worldwide, a GlobalData owned model.
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