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Goldman Sachs reports record earnings amid booming investment banking

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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.

Adam Galacia | CNBC

Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses.

The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts surveyed by Refinitiv and representing growth of 498% from the same period one year ago. Revenue of $17.7 billion easily topped expectations of $12.6 billion.

Here are the numbers:

Earnings: $18.60 per share, vs. $10.22 per share expected by analysts polled by Refinitiv.
Revenue: $17.7…



Source cnbc.com

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