Market turmoil lifts Goldman's trading, hurts dealmaking business

David Solomon, chief executive of Goldman Sachs

Jeenah Moon/Bloomberg via Getty Images

• Goldman Sachs reported earnings for the first quarter of 2025 on Monday.
• The bank said it brought in net revenue of more than $15 billion in the quarter.
• Stock market volatility lifted some businesses, like trading, while hurting others, like advisory.

Goldman Sachs reported robust earnings for the first quarter of 2025, and while they beat analyst expectations, they also portrayed a "Tale of Two Cities"-type picture.