A strong quarter for Wall Street lifts Goldman's first
Release time：2024-05-21 19:44:27 Source：Stellar Signals news portal
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets’ performances in the first months of the year.
The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a pause on companies doing deals and mergers. But as executives have adjusted to the new normal and interest rates appear to be heading lower, Goldman has benefitted from the change in attitude.
The New York-based investment bank posted a profit of $4.13 billion, up 28% from a year earlier. The company earned $11.67 a share for the quarter, well above analysts expectations.
Most of Goldman’s underlying businesses had a strong quarterly performance. Investment banking fees were up 32% in the quarter at $2.08 billion. The bank said most of the growth was driven in debt underwriting, likely as a result of higher interest rates requiring companies to refinance their bonds and debt.
- Previous：Why US Catholics are planning pilgrimages in communities across the nation
- Next：Verona confirms Serie A status for another year after beating Salernitana
Related articles
- NBA playoffs: Edwards leads Wolves to 98
- Leonardo DiCaprio's girlfriend Vittoria Ceretti showcases her jaw
- Trial opens for former Virginia hospital medical director accused of sexual abuse of ex
- Selena Gomez puts on a loved
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- The UK government finally passes bill to send migrants to Rwanda. What took so long?
- Hurricanes lose defenseman Brett Pesce to lower
- Rihanna camouflages herself as a TREE in a full body twig suit as she fronts FENTY x Puma campaign
- French sports minister calls for sanctions after Monaco player tapes over anti
- Review of UNWRA finds Israel did not express concern about staff
- Six killed in a 'foiled coup' in Congo, the army says
- Pregnant Emily Miller goes braless and shows off her bump under daring tie
- Lottie Moss sends temperatures soaring in red semi
- Scottie Scheffler did NOT consider withdrawing from RBC Heritage to be with heavily
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Mississippi lawmakers move toward restoring voting rights to 32 felons
- Lala Kent pens a heartfelt tribute to her father on the sixth anniversary of his tragic passing
- Review of UNWRA finds Israel did not express concern about staff
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Moment Susanna Reid apologises as Labour MP Yvette Cooper swears on Good Morning Britain
Random recommendation
- Copyright © 2024 Powered by A strong quarter for Wall Street lifts Goldman's first ,Stellar Signals news portal sitemap