قالب وردپرس درنا توس
Home / Technology / Goldman Sachs crushes earnings, hikes dividend

Goldman Sachs crushes earnings, hikes dividend



 David Solomon Getty
  • Goldman Sachs beat first quarter earnings Monday, with EPS or $ 5.71, 15% above consensus.
  • The dividend was also boosted 6% to $ 0.85 quarterly per share
  • Shares [1
    9659006] On Friday, JPMorgan announced record results while Wells Fargo provided disappointing guidance
  • Watch Goldman Sachs trade live

Goldman Sachs reported its first-quarter results ahead of Monday's opening bell. Here are the results compared to consensus forecasts by Wall Street analysts surveyed by Bloomberg and estimates provided by Keefe, Bruyette & Woods:

  • Adjusted earnings per share: $ 5.71 vs. $ 4.97 expected
  • Operating profit: $ 2.7 billion versus $ 2.7 billion expected
  • Revenue: $ 8.81 billion versus $ 9.04 billion expected
  • Equities Sales & Trading revenue : $ 1.77 billion versus $ 1.83 billion expected
  • FICC Sales & Trading revenue : $ 1.84 billion versus $ 1.78 billion expected
  • Investment banking revenue : $ 1.81 billion versus $ 1.70 billion expected
  • Investment management revenue : 1.56 billion versus KBW forecast or $ 1.65 billion
  • Investing & Lending segment revenue : $ 1.84 billion versus KBW forecast of $ 2 billion

"We are pleased with our performance in the first quarter, especially in the context of a muted start to the year," said Goldma David Solomon's Chairman and CEO

"Our core businesses generated solid results driven by our strong franchise positions. We are focused on new opportunities to grow and diversify our business mix and serve a broader range of clients globally. With improving momentum across our businesses, we are confident that Goldman Sachs will generate attractive returns for our shareholders. "JPMorgan kicked off bank results Friday morning posting record results by more than 4%. Trading results that JPMorgan modestly beat expectations, potentially indicating a positive trading environment for Goldman

This performance was in stark contrast to that of Wells Fargo, where CFO John Shrewsberry provided disappointing guidance on net interest margins, causing Wells Fargo to drop almost 3%. [19659019] On its earning call, Goldman is supposed to provide an update on the Malaysian 1MDB scandal, which has weighed on its shares.

Goldman Sachs was up 24% this year thorough Friday.

 GS stock chart Markets Insider

Get the latest Goldman Sachs stock price here.


Source link