Goldman Sachs (GS) stock jumped on Monday after the financial services company released its Q1 2025 earnings report. It reported diluted earnings per share of $14.12 for the quarter, easily surpassing Wall Street’s estimate of $12.32. This resulted in 21.9% EPS growth year-over-year from $11.58.
Revenue reported by Goldman Sachs in Q1 2025 was $15.06 billion, yet again beating analysts’ estimate of $14.77 billion. Just like with its EPS, GS’ revenue growth was strong year-over-year with a 10% increase. Its Global Banking & Markets business majorly contributed to this with $10.71 billion in revenue, largely due to record Equities revenue.
Goldman Sachs investors were celebrating the Q1 2025 beats this morning, with GS stock up 2.94% in pre-market trading today. That follows a nearly 1% increase on Friday, which was fueled by strong performances from other financial firms that reported earnings that day. Even so, GS stock was down 13.22% year-to-date as economic uncertainty continued to weigh down markets.
What’s Next for Goldman Sachs?
Goldman Sachs Chairman and CEO David Solomon addressed the current state of the economy and stock market in the company’s Q1 earnings report. He said, “While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients.”
Solomon also highlighted the company’s strong performance in Q1 as proof that “in times of great uncertainty, clients turn to Goldman Sachs for execution and insight.”
Is GS Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Goldman Sachs is Moderate Buy based on nine Buy and seven Hold ratings over the last three months. With that comes an average price target of $634.13, representing a potential 28.25% upside for GS stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
