Goldman’s bond desk posts embarrassing drop as Wall Street rivals soar: ‘A fire is being lit under the traders’
By Taylor Herzlich
Published on April 16, 2026.
Goldman Sachs' bond trading division saw a 10% drop in Q1, missing analysts' expectations by $910 million. Since then, Goldman's big-bank rivals, including JPMorgan and Morgan Stanley, reported significant increases in their respective "fixed income" investments. Goldman's CFO Denis Coleman attributed the drop to the overall environment making markets. The bank's bond-trading division's revenue came in at just $4 billion. Some insiders speculated that Goldman got hit on trades tied to interest rates, as many firms had expected at least two rate cuts in 2026. Goldman Sachs CEO David Solomon is expected to take significant action this summer. The company posted net income of $5.63 billion and revenue of $17.23 billion for the first quarter, beating analyst estimates of $16.97 billion.
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