Goldman Sachs (GS) earnings 1Q 2026

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

Here are Wall Street’s expectations:

• Earnings: $16.49 per share, according to LSEG
• Revenue: $16.97 billion according to LSEG
• Trading revenue: Fixed revenue of $4.92 billion, equity of $4.91 billion per StreetAccount
• Investment banking fees: $2.5 billion per StreetAccount

Goldman Sachs was set up to benefit from several trends in the first quarter.

Trading desks on Wall Street were busy at the beginning of the year as institutional investors built new positions against the disruption caused by artificial intelligence across sectors.

At the same time, the recovery in investment banking is expected to continue, with industry revenues rising 10% in the quarter, according to Dealogic.

For Goldman Sachs, which derives most of its revenue from its commercial and investment banking franchise, the main question on analysts’ minds will be the impact of the Iran war, which started on February 28.

Disruptive events affecting commodity prices, such as the Iran conflict, can sometimes sideline corporate clients, which could mean a delay in merger activity may be underway. At the same time, the loss could lead to more trading income thanks to movements in interest rates, bond prices and currencies.

The bank’s shares are up about 3% this year.

This story is developing. Please check back for updates.