Shares of Goldman Sachs (NYSE:GS) are cratering in pre-market trading following an earnings beat that apparently did not top whisper expectations that it would crush its earnings.
Goldman, the world’s top investment bank, saw its shares decline by over 4% before the market opened and before the earnings call, which is scheduled for later this morning.
Earnings per share (EPS) were $17.55 on estimates of $16.49 for the quarter. Revenue for Q1 was $17.23 billion, again topping expectations of $16.97 billion.
On the downside, Fixed Income trading disappointed, declining 13% versus Q1 2025. Still, FICC topped Q4 2025 by a solid 46%.
Q1 equities net revenue hit a record and was well higher than the same quarter last year.
Asset and Wealth Management was 10% higher quarter over quarter but down 14% versus Q4 2025.
Platform solutions were down both quarter over quarter and compared to Q4
Provision for credit losses rose.
As the earnings call will begin shortly, more insight should be available then. Perhaps the volatile situation with the war with Iran and the question regarding the Straight of Hormuz were hitting Goldman shares.
Some see this as a buying opportunity, as shares of Goldman have risen by 85% over the past year due to expectations for the bank’s future.
The earnings call will take place at 930AM ET and is available on the Goldman website.
