The Goldman Sachs Group, Inc. (GS) Q4 2025 Earnings Call January 15, 2026 9:30 AM EST
Company Participants
David Solomon – Chairman & CEO
Denis Coleman – Chief Financial Officer
Conference Call Participants
Glenn Schorr – Evercore ISI Institutional Equities, Research Division
Ebrahim Poonawala – BofA Securities, Research Division
L. Erika Penala – UBS Investment Bank, Research Division
Betsy Graseck – Morgan Stanley, Research Division
Brennan Hawken – BMO Capital Markets Equity Research
Michael Mayo – Wells Fargo Securities, LLC, Research Division
Steven Chubak – Wolfe Research, LLC
Daniel Fannon – Jefferies LLC, Research Division
Matthew O’Connor – Deutsche Bank AG, Research Division
Gerard Cassidy – RBC Capital Markets, Research Division
Christopher McGratty – Keefe, Bruyette, & Woods, Inc., Research Division
Saul Martinez – HSBC Global Investment Research
Presentation
Operator
Good morning. My name is Katie, and I will be your conference facilitator today. I would like to welcome everyone to the Goldman Sachs Fourth Quarter 2025 Earnings Conference Call. On behalf of Goldman Sachs, I will begin the call with the following disclaimer. The earnings presentation can be found on the Investor Relations page of the Goldman Sachs website and contains information on forward-looking statements and non-GAAP measures. This audio cast is copyrighted material of Goldman Sachs Group, Inc. and may not be duplicated, reproduced or rebroadcast without consent.
This call is being recorded today, January 15, 2026. I will now turn the call over to Chairman and Chief Executive Officer, David Solomon; and Chief Financial Officer, Denis Coleman. Thank you. Mr. Solomon, you may begin your conference.
David Solomon
Chairman & CEO
Thank you, operator. Good morning, everyone. Thank you all for joining us. I’m very pleased with our strong performance in the fourth quarter, where we generated earnings per share of $14.01, an ROE of 16% and an ROTE of 17.1%. For the full year, we delivered earnings per share of $51.32, a 27% increase versus last year, an ROE of 15% and
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