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Goldman Sachs posts best quarterly profit in five years with 18% jump

EuroNews · · 345 words · By Quirino Mealha
open_in_new Read the original article: https://www.euronews.com/business/2026/04/13/goldman-sachs-posts-best-quarterly-…

fact_checkFact-Check Results

16 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

help Insufficient Evidence 7
schedule Pending 6
info Single Source 2
verified Verified By Reference 1
info
“Goldman Sachs reported strong first-quarter results, the best in five years, with quarterly profit rising 18% to $5.4 billion (€4.6bn), as the bank highlighted increased volatility due to geopolitical tensions.”
SINGLE SOURCE
Only one web search result explicitly mentions Goldman Sachs' 18% profit increase to $5.4 billion in Q1 2026. Other sources either reference unrelated topics (e.g., ABN AMRO, BRIC) or are annual reports not specific to Q1 2026.
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wikipedia NEUTRAL — ABN AMRO Bank N.V. is the third-largest Dutch bank, with headquarters in Amsterdam. It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (…
https://en.wikipedia.org/wiki/ABN_AMRO
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wikipedia NEUTRAL — BRIC (Brazil, Russia, India, and China) is the foreign investment strategies grouping of Brazil, Russia, India, and China. The term has been rendered as "the BRICs", "the BRIC countries", "the BRIC ec…
https://en.wikipedia.org/wiki/BRIC_(economics_term)
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wikipedia NEUTRAL — IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-lar…
https://en.wikipedia.org/wiki/IHS_Towers
+ 3 more evidence sources
info
“Goldman Sachs released its figures for the first quarter of 2026 on Monday with revenues rising 14% to $17.2 billion (€14.6bn) and quarterly profit up 18% to $5.4 billion (€4.6bn), marking the best quarter in five years.”
SINGLE SOURCE
The same web search result as claim 0 mentions the profit increase, but no other source confirms the 14% revenue growth or the exact figures. Other sources are irrelevant or outdated.
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wikipedia NEUTRAL — ABN AMRO Bank N.V. is the third-largest Dutch bank, with headquarters in Amsterdam. It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (…
https://en.wikipedia.org/wiki/ABN_AMRO
menu_book
wikipedia NEUTRAL — BRIC (Brazil, Russia, India, and China) is the foreign investment strategies grouping of Brazil, Russia, India, and China. The term has been rendered as "the BRICs", "the BRIC countries", "the BRIC ec…
https://en.wikipedia.org/wiki/BRIC_(economics_term)
menu_book
wikipedia NEUTRAL — IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-lar…
https://en.wikipedia.org/wiki/IHS_Towers
+ 3 more evidence sources
verified
“The New York-based investment bank pointed to an increase in completed mergers and acquisitions as a key factor behind the performance.”
VERIFIED BY REFERENCE
A web search result directly states: 'Goldman said that the increase in investment banking fees... reflecting a significant increase in completed mergers and acquisitions volumes.' This corroborates the claim.
menu_book
wikipedia NEUTRAL — IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-lar…
https://en.wikipedia.org/wiki/IHS_Towers
menu_book
wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Epstein Files Transparency Act is a law passed by the 119th United States Congress and signed by President Donald Trump on November 19, 2025. It requires the U.S. Attorney General to "make publicl…
https://en.wikipedia.org/wiki/Epstein_Files_Transparency_Act
+ 3 more evidence sources
help
“This is the third successive quarter in which Goldman Sachs has flagged completed deals as a positive contributor to results.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the claim about three consecutive quarters of citing mergers and acquisitions.
help
“CEO David Solomon stated in the accompanying materials that 'Goldman Sachs delivered a very strong performance for our shareholders this quarter, even as market conditions became more volatile'.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute CEO David Solomon's statement about market volatility.
help
“‘The geopolitical landscape remains very complex, so disciplined risk management must remain core to how we operate,’ Solomon added.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the quote about disciplined risk management.
help
“Mergers offset mixed trading performance and share dips”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the claim about mergers offsetting mixed trading performance.
help
“Investment banking fees jumped 48% in the first quarter of the year, reflecting a significant increase in completed mergers and acquisitions volumes.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the 48% increase in investment banking fees.
help
“Goldman Sachs noted higher operating expenses during the period, partly because of elevated transaction-based costs tied to the deal activity.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the claim about elevated operating expenses from deal activity.
help
“On the other hand, trading revenues presented a more varied picture.”
INSUFFICIENT EVIDENCE
No evidence found in web search or Wikipedia to confirm or refute the mixed performance of trading revenues.
schedule
“Revenue from fixed income, currency and commodities declined due to weakness in interest rate products and some other categories. Nonetheless, equities trading rose over the same period.”
PENDING
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“Since US and Israeli forces attacked Iran on 28 February, the resulting surge in oil prices has influenced trading dynamics across equities and other assets.”
PENDING
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“Heightened volatility has generally supported trading income at banks such as Goldman Sachs, even if the effect differed by division.”
PENDING
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“Despite the solid earnings, Goldman Sachs shares fell over 4.5% in pre-market trading on Monday.”
PENDING
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“Investors appeared to focus on the mixed trading outcome and the bank’s forward-looking caution about global complexity.”
PENDING
schedule
“The financial results nevertheless demonstrate resilience in core advisory operations at a time when disciplined risk management is viewed as essential amid unpredictable international conditions.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.