Goldman Sachs' net income increased in the first quarter
The net income of Goldman Sachs, one of the major US banks, reached 4.1 billion dollars in the first quarter of this year, an increase of 28 percent compared to the same period last year.
AA
US investment bank Goldman Sachs has announced its financial results for the first quarter of the year.
According to the statement from Goldman Sachs, the bank's net income in the first quarter of the year rose by 28 percent compared to the same period last year, reaching 4.1 billion dollars. The bank's net income in the same period of 2023 was 3.2 billion dollars.
The institution's earnings per share, which were recorded at 8.79 dollars in the first quarter of 2023, rose to 11.58 dollars in the same period this year.
Goldman Sachs' revenue in the first quarter of this year also reached 14.2 billion dollars, an increase of 16 percent compared to the same period last year. The bank had generated 12.2 billion dollars in revenue in the first quarter of 2023.
The company's global banking and markets revenue reached 9.7 billion dollars in the first quarter, driven by strong performance in investment banking fees, fixed income, currencies and commodities, and equities.