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● LIVE Updated 1h ago · 12 sources tracked

Goldman CEO Warns of Higher Costs, Softness in Fixed Income

Goldman Sachs expects a slightly softer third quarter for its fixed income, currencies, and commodities business. The CEO warned that trading revenue is turning more uneven and costs are increasing. Following these warnings, Goldman Sachs Group Inc stock fell 3.93% on September 16. This trend aligns with broader warnings from Wall Street executives that third-quarter revenues will be lower than those seen in the spring.

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  • ✓ Goldman Sachs expects its fixed income, currencies, and commodities business to be slightly softer in the third quarter.
  • ✓ The CEO of Goldman Sachs warned of higher costs.
  • ✓ Goldman Sachs Group Inc stock decreased by 3.93% on September 16.
  • ✓ Wall Street bank executives warned that third-quarter revenues would be down from the spring.
🛡️ Source Corroboration: 12 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The CEO of Goldman Sachs explicitly forecasted softer Q3 performance in the FICC business and rising costs.

Live updates

  1. Goldman Sachs CEO Warns of Softer Fixed Income and Higher Costs

    Goldman Sachs expects a slightly softer third quarter for its fixed income, currencies, and commodities business. The CEO warned that trading revenue is turning more uneven and costs are increasing. Following these warnings, Goldman Sachs Group Inc stock fell 3.93% on September 16. This trend aligns with broader warnings from Wall Street executives that third-quarter revenues will be lower than those seen in the spring.

    Why it matters

    Fixed income, currencies, and commodities (FICC) are core revenue drivers for investment banks. A downturn in this sector typically indicates reduced market volatility or lower client activity. Investors monitor these shifts to gauge the health of global capital markets.

    What is confirmed

    • Goldman Sachs expects its fixed income, currencies, and commodities business to be slightly softer in the third quarter.
    • The CEO of Goldman Sachs warned of higher costs.
    • Goldman Sachs Group Inc stock decreased by 3.93% on September 16.
    • Wall Street bank executives warned that third-quarter revenues would be down from the spring.

    What to watch next

    • Official Q3 earnings report from Goldman Sachs
    • Further guidance on specific cost drivers affecting the bank
    Sources used for this update (11)
    1. Bloomberg.com — Goldman CEO Warns of Higher Costs, Softness in Fixed Income
    2. WSJ — Goldman Sachs Projects Softer Quarter for Fixed Income
    3. Finimize — Goldman’s Trading Picture Is Turning More Uneven
    4. Quiver Quantitative — Why Goldman Sachs (GS) Stock Is Down Today
    5. Yahoo Finance — Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know
    6. Reuters — Goldman Sachs sees slightly softer fixed income, currencies, commodities business, higher costs
    7. Investing.com — Goldman Sachs stock falls after CEO warns of softer trading
    8. TradingKey — Goldman Sachs Group Inc Stock (GS) Moved Down by 3.93% on Sep 16: Facts Behind the Movement
    9. marketscreener.com — Goldman Sachs CEO says fixed income, currencies and commodities business slightly softer in Q3
    10. finance.yahoo.com — Wall Street's trading revenue slows down
    11. www.briefs.co — Lucid wraps up AlixPartners engagement as CEO pushes turnaround
    confidence 100%
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