Goldman Sachs (NYSE:GS) is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to a substantial and diversified client base, including corporations, financial institutions, governments, and individuals. The company competes with other major financial institutions like JPMorgan Chase and Morgan Stanley.
On January 15, 2026, Goldman Sachs reported earnings per share (EPS) of $14.01, surpassing the estimated $11.70. This impressive performance was driven by significant growth in investment banking and trading fees. The company's equities trading revenues increased by 25% year over year, reaching $4.31 billion, while fixed income, currency, and commodities trading revenues rose by 12% to $3.11 billion.
Despite the strong EPS, Goldman Sachs' actual revenue of $13.45 billion was slightly below the estimated $14.52 billion. However, the investment banking sector saw a 25% increase in fees, totaling $2.58 billion, largely due to a surge in deal-making activity. Advisory revenues experienced a remarkable 41% growth, fueled by a rise in completed mergers and acquisitions.
Goldman Sachs faced challenges with rising expenses and losses in its Platform Solutions segment, primarily linked to Apple Card loans. Nonetheless, the company's strong financial performance led to a nearly 4% increase in its stock price. The diluted EPS for the quarter was $14.01, exceeding the consensus estimate of $11.70.
For the full year 2025, Goldman Sachs reported net revenues of $58.28 billion, marking a 9% increase from 2024. The net earnings for the year were $17.18 billion, with an EPS of $51.32, compared to $40.54 in 2024. This growth was attributed to strong performance in Global Banking & Markets, although it was partially offset by lower net revenues in Platform Solutions due to markdowns in the Apple Card portfolio.
