Goldman Sachs (GS) earnings Q3 2025

Goldman Sachs It is scheduled to report third-quarter earnings before the opening bell on Tuesday.

Here are Wall Street’s expectations:

• Earnings per share: $11, according to LSEG
• Revenue: $14.1 billion according to LSEG
• Trading revenue: Fixed Income of $3.19 billion, equity of $3.9 billion per StreetAccount
• Investment banking fees: $2.15 billion per StreetAccount

Goldman Sachs is designed to take advantage of many trends in the third quarter.

Trading desks on Wall Street benefited as President Donald Trump’s tariff policies roiled bond, currency, commodity and stock markets.

Investment banking activity, including mergers and IPOs, accelerated and revenues rose 22% in the third quarter from a year earlier, according to Dealogic.

Finally, stocks at or near record highs bode well for the firm’s asset and wealth management division.

Goldman Sachs generates most of its revenue from Wall Street activities, including trading and investment banking. This can lead to outsized returns during boom times and underperformance when markets do not cooperate.

On Monday, the company announced its acquisition Industry InitiativesA venture capital firm with $7 billion in assets under audit to strengthen its asset management division.

The bank’s shares have increased by 37 percent this year.

JPMorgan Chase, Wells Fargo And citigroup will also announce earnings on Tuesday Bank of America And Morgan Stanley We announce the results on Wednesday.

This story is developing. Please check back for updates.