Goldman Sachs Fixed Income Revenue Drops 10% in Q1, $910 Million Below Estimates

# Goldman Sachs Fixed Income Underperforms in Q1 Goldman Sachs's fixed income division revenue fell 10% in the first quarter, according to StreetAccount data. The division's revenue came in $910 million below analysts' expectations for the period. CNBC reported the figures ahead of the bank's full earnings release.

CFO Denis Coleman spoke to an analyst on Monday after the bank's earnings report.

Peers Post Strong Gains in Fixed Income Trading JPMorgan Chase posted fixed income trading revenue of $7.

1 billion in the first quarter. The revenue jumped 21% from the prior year. Morgan Stanley reported a 29% increase in fixed income revenue for the same period. 2 billion in the first quarter. Several market participants said Goldman Sachs was caught offsides on trades tied to interest rates during the quarter.

Market Shifts Impact Rate Expectations Markets expected the Federal Reserve to cut interest rates at least twice in 2026 at the start of the year, according to several market participants.

Markets began pricing out interest rate cuts after the oil price surge, with some investors bracing for rate hikes this year.

Leadership Comments and Stock Reaction CEO David Solomon said during the company's conference call on Monday, "When I look at the scale and the diversity of the business, it's performing very, very well.

" Goldman Sachs shares dropped as much as 4% on Monday following the earnings report. " Goldman Sachs fixed income division has been known for trading prowess since before the 2008 financial crisis under Lloyd Blankfein.