US EditionGoldman Sachs tops estimates on boom in equities trading revenue
- Goldman Sachs reported a 15% profit increase to $4.74 billion for the first quarter, driven by record equities trading revenue, according to the bank's statement.
- Equities trading revenue surged by 27% to a record $4.2 billion as market volatility impacted investor portfolios, as reported by Goldman Sachs.
- Goldman's profit per share is $14.12, up from $11.58 a year earlier, while investment banking fees fell by 8% to $1.9 billion, according to the bank.
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Goldman Sachs Trounces Views, Sees 'Markedly Different' Environment In Q2
Goldman Sachs earnings beat Q1 views as global banking revenue offset declines elsewhere. The Dow giant was cautious on Q2. But GS stock rose. The post Goldman Sachs Trounces Views, Sees 'Markedly Different' Environment In Q2 appeared first on Investor's Business Daily.
Goldman Sachs cashes in on stock market turmoil as bank posts $4.7B profit
Goldman Sachs cashed in on stock market turmoil over President Donald Trump's tariffs -- with the bank's stock traders bagging their highest revenues ever during the first three months of this year.
·New York, United States
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