Goldman Sachs reported a strong first-quarter profit with earnings and revenue beating expectations, but shares dropped about 2% as investors focused on weak fixed-income trading revenue and a higher-than-expected provision for credit losses. The bank's fixed income, currencies, and commodities (FICC) trading revenue missed estimates by around $900 million, raising concerns about trading conditions. Additionally, asset and wealth management revenue fell short of expectations, and the credit loss provision more than doubled, signaling potential stress in lending. CEO David Solomon highlighted geopolitical risks from the Iran conflict that could impact dealmaking and market activity going forward, though he remained optimistic about the firm's positioning and dealmaking opportunities amid market volatility.
Goldman Sachs reported a strong Q2 with revenues up 39% year-over-year, led by a surge in equities trading (+72%) and equity underwriting (+130%) due to market volatility and an AI-driven IPO boom. Their Asset & Wealth Management division also saw $2...
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
