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Home / Business / Trading turnaround helps Goldman's Q1 Beat; Shares Fall Slightly – Goldman Sachs Group Inc. (NYSE: GS)

Trading turnaround helps Goldman's Q1 Beat; Shares Fall Slightly – Goldman Sachs Group Inc. (NYSE: GS)



Q1 net profit of $ 2.83B or $ 6.95 per share $ 5.15 a year ago. Annualized Q1 ROE of 15.4%, the highest rate in more than five years, the bank notes

Investment Banking net revenue increase of 5% Y / Y to $ 1.79B. Financial advisory revenues down 22%, underwriting sales up 27%

Institutional Client Services net sales increased 31% Y / Y to $ 4.39B. FICC sales increased 23% to $ 2.07 billion, with the bank seeing improved market conditions and higher customer activity. Stock Turnover Increased Y / Y by 38% to $ 2.31 Billion

Investment & Lending Net Revenues Increased 43% Y / Y to $ 2.09 Billion

Investment Management net sales increased 1

8% % Y / Y to $ 1.77 Billion

Operating Expenses Up 21% Y / Y to $ 6.62B. Comp and benefits up 25% to $ 4.12B; Ratio of Comp and Services to net revenue at 41%.

Dividend raised from $ .75 to $ .80. 3M shares were repurchased during the quarter for $ 800 million and $ 264.32, respectively. Concrete Per-share Book Value of $ 176.28 on March 31

Conference Call at 9:30 pm ET

Previous: Goldman Sachs Beats $ 1.28 Beating Revenues (April 17) [19659002] GS -0.55% vormarket


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