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0 -0.000301694128568235 0.00194940821536314 0.00215827338129485 0.00437456486423762 0.00225110234393124 -0.00141564168020426 0.00141564168020412
Stock impact report

Goldman Sachs tops estimates on boom in equities trading revenue [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
Goldman SachsresultsHere's what the company reported:The bank said profit rose 15% from the year-earlier period to $4.74 billion, or $14.12 per share, as revenue climbed a more modest 6% to $15.06 billion. It said that rising trading revenue in the quarter offset a slight decline in asset and wealth management revenue compared with a year earlier.Goldman's global banking and markets division saw a 10% rise in revenue to $10.71 billion as equity trading revenue rose 27% to $4.19 billion. That is about $540 million more from equities trading than what analysts surveyed by StreetAccount projected for the quarter.The performance helped cover signs of weakness elsewhere. Goldman's fixed income division saw revenue rise just 2% from a year earlier to $4.4 billion, missing the $4.56 billion estimate. Investment banking fees fell 8% to $1.91 billion, just below the $1.94 billion estimate, on lower advisory revenue.Goldman CEO David Solomon hinted at the turmoil caused by PresidentDonald Trump Show less Read more
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