U.S. Movers: Citigroup, Goldman Sachs

Scott Peters
15 Apr, 2025
New York City

The Goldman Sachs Group Inc. eased 0.4% to $502.06 after the financial service reported first-quarter 2025 results.

Revenue climbed to $15.06 billion from $14.21 billion, net earnings edged up to $4.58 billion from $3.93 billion, and diluted earnings per share rose to $14.12 from $11.58 a year ago.

Operating expenses were $9.13 billion in the quarter, 5% higher than the same period a year earlier and 10% higher than the fourth quarter of 2024.

Equities revenue increased to $4.19 billion from $3.31 billion, and investment banking fees edged down to $1.92 billion from $2.08 billion a year earlier.

Commissions and fees in the quarter jumped to $1.23 billion from $1.08 billion a year ago.

Total assets under supervision climbed to $3.17 trillion from $2.85 trillion, with equity increasing to $771 billion from $713 billion and fixed income rising to $1.22 trillion from $1.14 trillion a year ago. 

The company proposed a dividend of $3.00 per share, payable on June 27 to shareholders on record as of May 30.

In addition, Goldman Sachs approved a share repurchase program for up to $40 billion of common stock.

During the first quarter, the bank repurchased $4.36 billion of its common stock, 7.1 million shares at an average cost of $610.57, and paid $976 million in dividends.

Citigroup Inc. gained 0.6% to $63.58 after the banking company reported results for the first quarter of 2025.

Revenue increased 3% to $21.60 billion from $21.02 billion, net income jumped 21% to $4.06 billion from $3.37 billion, and diluted earnings per share rose to $1.96 from $1.58 a year ago.

The company’s operating expenses were down 5% to $13.4 billion compared to the prior year.

The financial services company returned a total of approximately $2.8 billion to common shareholders during the quarter in the form of dividends and share repurchases.