Goldman Sachs Appoints Two New Committee Members, Q1 Profit Up 19% to $5.6bn
Goldman Sachs reported Q1 net earnings of $5.6bn, up 19% YoY, on revenues of $17.23bn, a 14% increase, with AWM revenues up 10% YoY. It added Stephan Feldgoise and Joshua Schiffrin to its 47-member management committee and appointed Ericka Leslie as chief administrative officer to accelerate its OneGS 3.0 rollout.
1. FX Research on Yen Intervention
GS analysts estimate Japan likely spent around $34.5bn in late-April FX intervention and could repeat that scale up to 30 times, indicating sustained yen volatility that may drive trading activity and revenue opportunities for the bank’s markets division.
2. Strong Q1 Financial Performance
Goldman Sachs recorded net earnings of $5.6bn in Q1 2026, a 19% year-over-year increase, on total net revenues of $17.23bn, up 14% from Q1 2025. Asset & Wealth Management contributed $4.08bn in revenues, marking a 10% increase year-over-year.
3. Management Committee Expansion
The firm appointed Stephan Feldgoise, head of global mergers & acquisitions, and Joshua Schiffrin, incoming global head of risk for Global Banking & Markets, to its management committee, raising its membership to 47 to strengthen leadership across core divisions.
4. OneGS 3.0 Efficiency Drive
Ericka Leslie was named chief administrative officer and will oversee the OneGS 3.0 initiative, an operating system overhaul designed to streamline processes, free capacity for growth investments and enhance overall operational efficiency.