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Goldman: Q1 Earnings Snapshot

April 14, 2021 GMT

NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Wednesday reported first-quarter earnings of $6.84 billion.

The company, based in New York, said it had earnings of $18.60 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $9.79 per share.

The investment bank posted revenue of $19.28 billion in the period. Its revenue net of interest expense was $17.7 billion, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $11.97 billion.

Goldman shares have climbed 24% since the beginning of the year, while the S&P’s 500 index has risen 10%. The stock has risen 83% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at https://www.zacks.com/ap/GS