Goldman Sachs reports 16.6% increase in profits, driven by strong equity trading
Goldman Sachs announced a robust 16.6% profit surge for the first quarter, reaching $4.6 billion, surpassing analyst predictions. This growth was fueled by exceptional equity trading and financing performance, offsetting losses from public stock market investments. Revenues climbed to $15.1 billion, a 6% increase, driven by a 27% surge in equity trading revenue.
Goldman Sachs announced a robust 16.6% profit surge for the first quarter, reaching $4.6 billion, surpassing analyst predictions. This growth was fueled by exceptional equity trading and financing performance, offsetting losses from public stock market investments. Revenues climbed to $15.1 billion, a 6% increase, driven by a 27% surge in equity trading revenue.
