Goldman Sachs Kicks Off Earnings Season

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 13 April 2026

⏱️ 24 minutes

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Summary

Motley Fool contributors Jon Quast, Rachel Warren, and Jason Hall discuss financial news that investors should know about. On today’s show, this includes recent financial results from investing bank Goldman Sachs as well as the U.S. blockade in the Strait of Hormuz. Finally, the team ends the show with a question from a listener regarding SpaceX’s upcoming IPO.Jon Quast, Rachel Warren, and Jason Hall discuss:-Goldman Sach’s Q1 2026 financial report-Economic trends to watch during earnings season-The impacts from new U.S. blockades-A listener question about SpaceX and major stock indicesCompanies discussed: Goldman Sachs (GS), JPMorgan Chase (JPM), Bank of America (BAC), Cheniere Energy (LNG), S&P Global (SPGI), Nasdaq (NDAQ) Host: Jon QuastGuests: Jason Hall, Rachel WarrenEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement.We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode.Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's the start of earnings season and Goldman Sachs is kicking us off.
0:09.1	You're listening to Motley Full Money.
0:26.1	Welcome to Motley Full Money with the Hidden Gems team. I'm John Kwas, and I'm joined today by Fool contributors Rachel Warren and special guest Jason Hall today. Thank you all for being
0:32.0	with us. Look, we're going to get right to our first story here, and that is that investment bank Goldman
0:38.4	Sachs just reported financial results. And I just want to, for context, put out there that every
0:43.6	three months, publicly traded companies report their financial results to investors. And usually
0:49.6	these reports are concentrated all kind of in a few weeks of a time span. And so that's what we call
0:56.5	earnings season. It's not required, but it just kind of how it happens. And there's always
1:02.5	banking companies that kick us off. And investment bank Goldman Sachs is really kind of the first one
1:07.7	out of the gate with first quarter of 2026 results here this morning.
1:12.1	Rachel, let's talk about the numbers. What are just a couple of numbers here that investors should
1:17.3	be interested in? Yeah, I would say it was a pretty strong start to earnings season. So Goldman Sachs
1:22.0	reported Q1 in net revenues of 17.2 billion. And that was up 14% year over year. It was better than what Wall
1:28.9	Street had been guiding for. Earnings came in about $5.6 billion. So the big takeaway, I think,
1:33.8	for investors is really how much they earned per share, $17.55. That beat Wall Street's
1:39.9	expected $16.49. It's also helped push their return on equity to 19.8%. So the business is being
1:47.5	run very efficiently right now. One other number that stuck out to me, Goldman's asset and
1:52.3	wealth management unit brought in $4.08 billion this quarter. That was a solid 10% increase
1:58.9	from last year. It missed Wall Street's targets slightly.
2:02.4	And basically what this means is they earned more in management fees because the total
2:05.6	assets they oversaw grew, but those gains were dragged down by a dip in revenue from their
2:09.7	private banking business.
	...

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