Goldman Sachs reported broad revenue beats across its M&A advisory, equity capital markets (ECM), and debt underwriting businesses in its Q1 results.

Approximately 50% of Goldman Sachs's total revenue is generated by its trading division.

Goldman Sachs's current strategy involves refocusing on its core capital markets business while simultaneously expanding its higher-return-on-equity asset and wealth management division.

In its Q1 earnings, Goldman Sachs's equities trading division reported a sizable beat, but this was outweighed by a sizable miss in its fixed income trading division.

Goldman Sachs has largely wound down its foray into consumer banking after the division incurred a series of financial losses.