Goldman Sachs bond traders stumbled as Wall Street rivals thrived
By CNBC
April 15, 2026, 5:02 PM EST
6
Views
6
Views
Listen to this article
CNBC: Goldman Sachs’ fixed income division disappoints in Q1 as rivals post strong results. CEO David Solomon addresses the underperformance during a conference call.
Goldman Sachs’ fixed income division faced challenges in the first quarter as revenue fell 10%, missing analysts’ expectations by $910 million. While other Wall Street firms like JPMorgan Chase and Morgan Stanley saw significant jumps in fixed income trading revenue, Goldman Sachs struggled to keep up. CEO David Solomon acknowledged the stumble but highlighted the firm’s overall strong performance in other areas during a conference call.
