Goldman Sachs beats profit estimates, weak fixed income trading drags down shares

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Wolfe Research on Goldman Sachs (GS): 'Beware the Ides of March as Bad Volatility Hits FICC, Capital'

April 13, 2026 8:59 AM EDT

Wolfe Research analyst Steven Chubak reiterated a Peerperform rating and {REMOVEPT} price target on Goldman Sachs (NYSE: GS).

The analyst comments "Bottom Line: On balance, these results are disappointing (albeit vs. lofty expectations), with pressure on FICC (-1% YoY versus +10% to mid-teens % growth guidance from... More