Goldman Sachs delivered robust earnings for the third quarter of 2025, posting numbers that exceeded analyst expectations and reflected a sharp recovery in capital markets activity, investment banking, and wealth management. Net revenues for the period were $15.18 billion, representing a 20% jump compared to the same quarter last year and a record for the investment bank, while net earnings soared 37% to $4.1 billion. Diluted earnings per common share were reported at $12.25, well above both the $8.40 reported last year and recent consensus estimates.

A strong resurgence in dealmaking propelled investment banking fees to $2.66 billion, a staggering 42% increase year-over-year. The firm cited “a significant increase in completed mergers and acquisitions volumes, and in debt underwriting,

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