(AOF) – Goldman Sachs reported higher than expected profits thanks to the solid performance of its investment bank. In the first quarter, the famous American investment bank’s net profit jumped 28% to $4.13 billion, or $11.58 per share. The latter is higher than the FactSet consensus of $8.73. Goldman Sachs’ revenues rose 16% to $14.21 billion, above Wall Street forecasts: $12.94 billion.
Bond brokerage (FICC) increased by 10% to $4.32 billion and stock brokerage also increased by 10% to $3.311 billion. The investment bank’s revenues jumped 32% to $2.08 billion thanks to sustained activity in the primary equity and bond markets.
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