Goldman Sachs Equities Record

First-quarter results from Goldman Sachs have set a high bar for the banking sector, with the firm capitalizing on market volatility fueled by geopolitical tensions.

The bank's equities unit posted record revenue of $5.3 billion, trouncing previous highs by more than $1 billion.

While investment banking fees also showed strength, the bank's fixed-income division fell short of estimates, leading to a mixed reaction in its stock price.

CEO David Solomon noted that the bank remains well-positioned despite an uncertain global economic outlook.