Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Publishing timestamp: 2024-04-15 11:29:20
Summary
Goldman Sachs reported first-quarter profit and revenue that exceeded analysts' expectations, driven by a surge in trading and investment banking revenue. The bank's profit jumped 28% to $4.13 billion, with earnings per share of $11.58. Revenue rose 16% to $14.21 billion, with fixed income trading revenue up 10% and equities trading up 10%. Investment banking fees surged 32%. Goldman's results are seen as the best among its big bank peers this quarter, signaling a turnaround under CEO David Solomon.
Sentiment: POSITIVE
Keywords: banks, citigroup inc, david solomon, jpmorgan drn, goldman sachs group inc, business news, wall street, breaking news: markets, wells fargo & co, earnings, breaking news: earnings, breaking news: investing, business,
Source: https://www.cnbc.com/2024/04/15/goldman-sachs-gs-earnings-q1-2024.html