Goldman Sachs (GS) Q3 2025 earnings

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

Here’s what Wall Street expects:

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

Goldman Sachs is expected to benefit from several trends in the third quarter.

Trading desks across Wall Street benefited as President Donald Trump’s tariff policies rattled bond, currency, commodities and stock markets.

Investment banking activity, including mergers and initial public offerings, has gained momentum, with revenue rising 22% in the third quarter from a year earlier, according to Dealogic.

Finally, shares at or near record levels bode well for the company’s asset and wealth management division.

Goldman Sachs gets the majority of its revenue from Wall Street activities including commercial and investment banking. This can lead to huge returns during booms and underperformance when markets don’t cooperate.

The company announced Monday that it has acquired Industry Ventures, a venture capital firm with $7 billion in assets under supervision, to bolster its asset management division.

The bank’s shares have risen by 37% this year.

jp morgan chase, Wells Fargo and Citigroup Earnings will also be released on Tuesday, with… Bank of America and Morgan Stanley Announcement of results on Wednesday.

This story is evolving. Please check back for updates.