Goldman: Q1 Earnings Snapshot
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.