Stock Spotlight: Goldman Sachs clears restructuring worries with strong results

Still suffers from valuation gap

Elliot Gulliver-Needham
clock • 4 min read

Goldman Sachs had previously been facing fire from investors following an announcement of a major restructuring plan last week, but a strong set of results has pushed the bank back onto a strong footing.

While the results were poor compared to last year, with profits falling 43% to $3.1bn and revenue slipping 12% to $12bn, both came in above expectations. The firm's revenue and profit decline had been expected after a boom in IPOs last year was followed by a relative lack of them in 2022. Shares of the bank rose more than 4% on the morning of the results, partially due to the results revealing an unexpected jump in fixed income trading revenue, growing 41% from last year to $3.5bn. Meanwhile, asset management revenue fell 20% to $1.8bn due to lower gains from private equity stakes,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Liontrust outsources UK trading team to BNY

Liontrust outsources UK trading team to BNY

Bolsters trading beyond UK hours

Sorin Dojan
clock 09 June 2025 • 1 min read
Firms with £500bn in AUM pledge to remove barriers for underrepresented groups in DE&I statement

Firms with £500bn in AUM pledge to remove barriers for underrepresented groups in DE&I statement

UK government seeking views on pay gaps

Patrick Brusnahan
clock 06 June 2025 • 1 min read
Year of two halves for Ninety One as it records year-end losses

Year of two halves for Ninety One as it records year-end losses

Deal with Sanlam 'on track'

Patrick Brusnahan
clock 04 June 2025 • 1 min read
Trustpilot