Goldman Sachs reported 2025 net income of $17.2 billion and first-quarter 2026 net revenues of $17.2 billion. The thesis depends on investment banking, trading, asset and wealth management, balance-sheet risk, funding costs and capital returns.
Goldman Sachs: capital-markets strength still has to prove durability
NYSEGSCoverage BootstrapGoldman Sachs Group, Inc.
Thesis summary
Goldman Sachs reported 2025 net income of $17.2 billion and first-quarter 2026 net revenues of $17.2 billion. The thesis depends on investment banking, trading, asset and wealth management, balance-sheet risk, funding costs and capital returns.
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