Goldman Q3 Earnings Beat Estimates on Solid IB Fees, Stock Declines

Key Takeaways Goldman's 3Q25 adjusted EPS of $12.25 beat estimates and rose from $8.40 in the year-ago quarter. Net revenues climbed 20% y/y to $15.2 billion, led by banking and trading growth. Investment banking fees jumped 42%, driven by higher net revenues in Advisory. The Goldman Sachs Group, Inc.’s (GS) third-quarter 2025 adjusted earnings per share of $12.25 surpassed the Zacks Consensus Estimate of $11.11 per share. This compares favorably with $8.40 in the year-ago quarter.Shares of the company fel ...