JP Morgan Chase & Co. (NYSE:JPM) shares are trading lower in sympathy with Goldman Sachs Group, Inc. (NYSE:GS) after Goldman Sachs reported first-quarter earnings before the market opened.
Goldman Sachs Tops Estimates, Flags Volatility And Complex Geopolitical Backdrop
Goldman Sachs reported earnings per share of $17.55, beating the consensus estimate of $16.30. In addition, the company reported revenue of $17.22 billion, beating the consensus estimate of $16.97 billion.
David Solomon, Chairman and CEO of Goldman Sachs, said, “Goldman Sachs delivered very strong performance for our shareholders this quarter, even as market conditions became more volatile. Our clients continue to depend on us for high quality execution and insights amid the broader uncertainty, and we remain confident in how we’ve positioned our businesses. The geopolitical landscape remains very complex – so disciplined risk management must remain core to how we operate.”
Global core liquid assets averaged $494 billion for the first-quarter of 2026, compared with an average of $479 billion for the fourth-quarter of 2025.
JPMorgan Shares Fall In Sympathy With Goldman Sachs Commentary
JPMorgan shares may be trading lower alongside Goldman Sachs as investors react to Goldman Sachs’ commentary on increased market volatility and a complex geopolitical backdrop, which can weigh on sentiment across large banks.
JP Morgan Shares Edge Lower
JPM Price Action: At the time of writing, JP Morgan shares are trading 1.21% lower at $306.13, according to data from Benzinga Pro.
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