Goldman Sachs equity traders notch Wall Street record in Q4
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The news: Equity traders at Goldman Sachs smashed revenue expectations in the fourth quarter last year, raking in a Wall Street record of USD4.31 billion ($6.44 billion) during the period.
The numbers: Goldman’s net revenues for the quarter USD13.45 billion and net earnings were USD4.62 billion. Full-year net revenues came in at USD58.28 billion and net earnings at USD17.18 billion for 2025.
Fees in the bank’s core investment banking business rose 25% to USD2.6 billion for the quarter, slightly ahead of estimates, while equities trading revenues climbed 25% to USD4.3 billion during the fourth quarter, while fixed income trading revenues hit USD3.1 billion.
The bank also raised its dividend to USD4.50 per share.
The context: Goldman’s equities trading revenues beat the previous all-time high for any bank, which had been set by Goldman in Q2 2025.
Goldman also set new targets for its asset and wealth management business, including the goal of reaching USD750 billion in alternative assets under supervision by 2030.
What they said: Chairman and CEO of Goldman Sachs, said in a statement on the results: "We continue to see high levels of client engagement across our franchise and expect momentum to accelerate in 2026, activating a flywheel of activity across our entire firm."
