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Goldman: 1Q Earnings Snapshot

NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Monday reported first-quarter net income of $2.25 billion.

The company, based in New York, said it had earnings of $5.71 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.74 per share.

The investment bank posted revenue of $13.19 billion in the period. Its revenue net of interest expense was $8.81 billion, falling short of Street forecasts.

Goldman shares have risen 24 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16 per cent. The stock has dropped 19 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at https://www.zacks.com/ap/GS

The Associated Press

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