6 days Ago
Goldman Sachs boss warns of 'great uncertainty despite a bumper start to the year By CONNIE RILEY Updated: 17:03 EDT, 14 April 2025 e-mail View comments The boss of Goldman Sachs warned the firm faces a ‘markedly different operating environment’ despite a bumper start to the year. The Wall Street banking giant reported a 15 per cent surge in first quarter profits to £3.5billion as market volatility helped it rake in record equity trading revenues.
But while the turmoil unleashed by Donald Trump has been a boom for Goldman’s traders, investment banking fees fell 8 per cent as deal-making dried up. And warning these are ‘times of great uncertainty’, chief executive David Solomon said: ‘We are entering the second quarter with a markedly different operating environment than earlier this year.’ Solomon called on Trump to heed warnings from corporate America.
‘We are hopeful that feedback from companies, large and small, institutional investors and, ultimately, consumers will support an approach that will lead to greater economic certainty and long-term growth,’ he said. Equity traders at JP Morgan and Morgan Stanley also brought in record revenues in the first three months of the year. But Goldman shares have fallen 12 per cent since the ‘Liberation Day’ tariffs were unveiled this month.
JP Morgan and Morgan Stanley have suffered similar falls. Trading boom: Goldman reported a 15% surge in first quarter profits to £3.5bn as market volatility helped it rake in record equity trading revenues RELATED ARTICLES Previous 1 Next If Starmer wants to be the strong man of steel, he must.
.. White House dismisses U.
S. recession fears- but Fed and IMF..
. Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission.
These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Goldman Sachs boss warns of 'great uncertainty despite a bumper start to the year e-mail Add comment Some links in this article may be affiliate links.
If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products.
We do not allow any commercial relationship to affect our editorial independence. Comments 0 Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards.
Add your comment Enter your comment By posting your comment you agree to our house rules . Submit Comment Clear Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. No Yes Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline.
To do this we will link your MailOnline account with your Facebook account. We’ll ask you to confirm this for your first post to Facebook. You can choose on each post whether you would like it to be posted to Facebook.
Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy . More top stories.
