Market turmoil lifts Goldman's trading, hurts dealmaking business

Goldman Sachs reported robust earnings for the first quarter of 2025, and while they beat analyst expectations, they also portrayed a "Tale of Two Cities"-type picture. Political uncertainty and a frenzy in global markets lifted the performance of businesses like trading, while leaving others, like advising on corporate dealmaking, hurting.On Monday, the firm reported net revenue of $15.06 billion during the first quarter of 2025, up about 8.6% from $13.9 billion in the previous quarter, which concluded a ...