Goldman Sachs reports 28% Q1 profit increase to $4.13bn, driven by stock and bond market performances.
Goldman Sachs reported a double-digit rise in its first-quarter profits, driven by robust performances in the stock and bond markets. The New York-based investment bank's profit increased by 28% to $4.13 billion, while earnings per share hit $11.67. Most of Goldman's underlying businesses saw strong quarterly performance, with investment banking fees up 32% at $2.08 billion. The bank's stock surged more than 5% as a result of the impressive results.
April 15, 2024
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