Goldman Sachs reported strong third quarter 2026 results, significantly exceeding consensus estimates with net revenues of $18.68 billion and EPS of $17.01. Performance was driven by a 32% year-over-year increase in Global Banking & Markets revenue, anchored by a surge in Equities trading and a recovery in investment banking activity.
Key Highlights
- Net revenues increased 23% year-over-year to $18.68 billion, beating the $16.87 billion consensus estimate.
- Equities revenue jumped 72% to $6.44 billion, fueled by higher demand for derivatives and prime financing.
- Investment banking fees reached $3.22 billion, up 21% year-over-year, supported by increased M&A advisory and IPO activity.
- Asset & Wealth Management net revenues grew 14% to $5.05 billion, reflecting higher management fees from increased assets under supervision.
- Platform Solutions revenue fell 72% to $170 million, primarily due to markdowns related to the Apple Card loan portfolio transition.