image: Reuters/Brendan McDermid

Goldman Sachs Profit Soars 26% on Trading Rebound as Markets Awake

April 17, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) , the Wall Street firm, said first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017, reviving client activity and boosting stock-trading revenue.

Net income rose to $2.83 billion from $2.25 billion a year earlier, according to a statement Tuesday from the New York-based bank. Earnings per share climbed to $6.95, beating the $5.58 average estimate of analysts in a survey by database provider FactSet.

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