Jane Fraser

Money Moves

Leading multi-year organizational restructuring; reporting Q1 2026 earnings

The largest American banks began reporting first-quarter 2026 earnings on April 14, delivering results shaped by a quarter unlike any since the early days of the pandemic. The United States and Israel launched airstrikes on Iran on February 28, Iran closed the Strait of Hormuz in early March, and Brent crude oil surged past $120 a barrel — the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Goldman Sachs, reporting a day early, posted record equities trading revenue of $5.33 billion as its traders capitalized on the chaos.

Updated 4 hours ago