Goldman Sachs reported a 15% increase in profit for the first quarter, reaching $4.74 billion or $14.12 per share. The bank’s revenue grew by 6% to $15.06 billion. A significant factor in these results was a 27% surge in equities trading revenue, totaling $4.19 billion, which exceeded analyst expectations by about $540 million. The global banking and markets division saw a 10% revenue increase to $10.71 billion. However, not all sectors performed as well. Fixed income revenue rose only 2% to $4.4 billion, falling short of the $4.56 billion estimate. Investment banking fees dropped 8% to $1.91 billion, slightly below the $1.94 billion forecast. In the asset and wealth management division, revenue declined 3% to $3.68 billion, just under the $3.69 billion estimate. The platform solutions division also saw a 3% revenue decrease to $676 million, slightly missing the $677.5 million estimate. Despite these challenges, Goldman Sachs’ shares rose over 3% in premarket trading.
Mario Nawfal
@MarioNawfal
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5m MARKETS ARE PANICKING—AND GOLDMAN SACHS IS MAKING BANKWhile everyone else is freaking out over Trump’s new tariffs and the stock market doing cartwheels, Goldman Sachs is out here raking in $4.7 billion in just 3 months. Yup, that’s a “B,” not a typo.Their trading team
Evan
@StockMKTNewz
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2h GOLDMAN SACHS $GS JUST REPORTED EARNINGSEPS of $14.12 beating expectations of $12.35.
Revenue of $15.1B beating expectations of $14.8BGOLDMAN APPROVED NEW UP TO $40B SHARE BUYBACK PROGRAM
FinChat
@finchat_io
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5m Goldman Sachs generated $10.7 billion in Banking & Markets Revenue, up 10% from a year ago.That’s its best quarter in its Banking & Markets division in 4 years.$GS is up 4% pre-market.
J.M. Hamilton
@jmhamiltonblog
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10m Goldman Sachs Group Inc.’s stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets.WAS GOLDMAN PRESCIENT OR ARE MARKETS SIMPLY THAT RIGGED ???
TipRanks
@TipRanks
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19m Goldman Sachs $GS gains after Q1 results, authorizes share repurchases up to $40BEPS of $14.12 beat by $1.85
Revenue of $15.06B beat by $350M
VBL’s Ghost
@Sorenthek
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Apr 10 This report is more important even than the price. Over the last six months Goldman Sachs client base has been buying 3300 and 3500 knock in one touch exotic calls. And every time they do that GS buys futures and buys regular calls. They are not bluffing
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