Goldman Sachs's record equities trading fails to offset credit loss surge
TC
Talia Cromwell
S&P 500 earnings beat miss · Apr 14, 2026
Source: DojiDoji Data Terminal
Goldman Sachs shares dropped roughly 2% intraday after the bank booked a $315 million provision for credit losses, more than double the $150 million analysts had anticipated. The provision marks the bank's largest increase in loan loss provisions since 2020.
These credit concerns emerged despite a first-quarter net income of $5.63 billion on revenue of $17.23 billion. Earnings per share of $17.55 topped analyst estimates of $16.49. The results included record equities trading revenue and a sharp rebound in investment banking fees.
Investors focused on misses in two core business lines. Revenue from fixed income, currencies and commodities (FICC) was $4 billion, missing expectations by as much as $900 million. The asset and wealth management division generated $4.08 billion in revenue, falling roughly $140 million short of analyst estimates.
S&P 500 earnings beat miss
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