Goldman posts Q1 profit surge amid geopolitical volatility

Goldman Sachs reported strong first-quarter earnings Monday with 18% jump in profit to $5.4 billion and 14% revenue increase to $17.2 billion, driven by 48% surge in investment banking fees from increased merger and acquisitions volumes. CEO David Solomon highlighted strong performance despite market volatility, noting the 'geopolitical landscape remains very complex' as the firm maintains 'disciplined risk management' as core operations. The earnings report marks the third consecutive quarter Goldman flagged completed deals as a positive driver, with increased transaction-based expenses partially offset by higher commodities and currencies trading. Fixed income revenues fell due to interest rate product weakness. Since US-Israel forces attacked Iran on February 28, oil price surge has dominated financial markets, with increased volatility typically translating to higher trading revenues for Goldman. The firm's shares fell 4.3% in pre-market trading following the announcement.

SOURCE: https://www.channelstv.com/2026/04/13/merger-fees-lift-goldman-sachs-profits-warns-of-volatility/