Goldman CEO Solomon flags softer fixed income, higher costs

September 16, 2026 at 11:48 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Goldman Sachs CEO David Solomon said the bank's fixed-income trading business has been softer in the third quarter than equity trading, which remains very strong. He also cautioned that expenses are running higher across the firm due to busy client activity and accelerated technology investments. Goldman shares fell as much as 1.6% after his remarks at a Barclays conference.

Key Facts

Goldman Sachs CEO David Solomon said fixed-income trading was softer in the third quarter than equity trading, which he called 'very strong.'
Solomon said costs are expected to be higher given busy client activity and accelerated technology investments.
Goldman shares fell as much as 1.6% after Solomon's comments at a Barclays conference.
JPMorgan Co-President Doug Petno said on Tuesday that trading revenue for the third quarter is poised to climb by a percentage in the mid-to-high teens.
Bank of America CEO Brian Moynihan warned on Monday that trading revenue is likely to be 'relatively flat' due to a drop in fixed-income trading.

Goldman's Trading Outlook

Solomon said fixed income has been softer during the third quarter than equity trading, which has remained 'very strong.' He attributed higher costs to busy client activity and accelerated technology investments. Goldman shares fell as much as 1.6% after his comments at the Barclays conference.

Peer Bank Divergence

JPMorgan Co-President Doug Petno said on Tuesday that trading revenue for the three months through September is poised to climb by a percentage in the mid-to-high teens. Bank of America CEO Brian Moynihan warned on Monday that trading revenue is likely to be 'relatively flat' given a drop in fixed-income trading. Moynihan's comments sent some bank shares down.