In this articleGSFollow your favorite stocksCREATE FREE ACCOUNTGoldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, D.C., U.S., Oct. 30, 2025. Kevin Lamarque | ReutersGoldman Sachs on Thursday topped expectations for fourth quarter profit as equities trading and asset and wealth management produced nearly $900 million more in revenue than expected. Here’s what the company reported:Earnings: $14.01 a share, may not compare with $11.67 LSEG estimateRevenue: $13.45 billion, may not compare with $13.79 billion estimate The company said profit jumped 12% from a year earlier to $4.62 billion, or $14.01 per share, on gains across its capital markets businesses. That EPS handily topped analyst expectations, even if excluding the preannounced 46 cent per share gain from Goldman’s sale of its Apple Card business.Revenue dipped 3% to $13.45 billion in the quarter, which the company blamed on a revenue hit from offloading the Apple Card loan portfolio to rival bank JPMorgan Chase and the early termination of its contract with the tech giant.Like JPMorgan, Goldman’s biggest source of outperformance in the quarter was from its equities trading franchise.Equities revenue jumped 25% from a year earlier to $4.31 billion, about $610 million more than the StreetAccount estimate, as Goldman reaped more revenue from financing trades and selling derivatives to hedge funds and other institutional investors.Fixed income trading revenue climbed 12% to $3.11 billion, about $180 million more than expected, on strength in wagers tied to interest rates and commodities. This story is developing. Please check back for updates. …
