Goldman Sachs capitalized on stock market volatility linked to President Trump's tariffs, achieving record revenues of $4.2 billion in trading during Q1 2025, a 27% increase from the previous year. Net profits reached $4.7 billion, surpassing analysts' predictions. CEO David Solomon acknowledged a changed market environment while expressing confidence in the firm's ability to support its clients despite the uncertainty. This performance comes amidst tensions in the financial sector regarding executive compensation, particularly concerning Solomon and COO John Waldron's substantial bonuses amid market challenges.
Goldman Sachs reported a remarkable $4.2 billion in trading revenues, a 27% increase, due to stock market volatility following President Trump's tariff announcements.
CEO David Solomon expressed confidence in navigating the evolving market conditions, emphasizing Goldman Sachs' commitment to supporting clients amid tariff-induced uncertainty.
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