Goldman Sachs

Goldman Sachs generated $54 billion in net revenue in 2025, despite shedding its consumer banking division, which lost $3 billion over three years. The bank has refocused on core investment banking and trading, commanding premium advisory fees that keep it consistently ranked #1 in M&A advisory by deal count, a feat that outperforms #5 Morgan Stanley in transaction volume. Its Global Markets division produced $26 billion in revenue in 2025, accounting for 48% of total revenue, while the bank's return on equity hit 14.2%, 2.1 percentage points higher than the industry average. Founded in 1869 and famously dubbed the "vampire squid" by Rolling Stone in 2010, it remains a Wall Street powerhouse.