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Goldman Sachs' Bond Trading Revenue Drops 10%, Shares Fall 4%

4/17/2026

Summary

Story summary

Goldman Sachs Group, Inc. reported a 10% drop in bond-trading revenue in Q1 2026, missing analysts' expectations by $910 million, and its shares fell over 4% pre-market.
Analysts attribute underperformance to exposure to directional trading risks amid volatile rates and inflation fears linked to the Iran conflict.
CEO David Solomon acknowledged the need for improvement but cited Goldman Sachs' resilience; JPMorgan Chase & Co. and Morgan Stanley posted fixed-income gains.

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Story summary

Goldman Sachs Group, Inc. reported a 10% drop in bond-trading revenue in Q1 2026, missing analysts' expectations by $910 million, and its shares fell over 4% pre-market.
Analysts attribute underperformance to exposure to directional trading risks amid volatile rates and inflation fears linked to the Iran conflict.
CEO David Solomon acknowledged the need for improvement but cited Goldman Sachs' resilience; JPMorgan Chase & Co. and Morgan Stanley posted fixed-income gains.