Goldman Sachs' net revenue in the first quarter exceeded expectations

Goldman Sachs' net revenue for the first quarter was $15.06 billion, a year-on-year increase of 6%, estimated at $14.76 billion; net interest income for the first quarter was $2.90 billion, estimated at $2.28 billion; stock trading revenue for the first quarter was $4.19 billion, estimated at $3.80 billion. Goldman Sachs' U.S. stock rose nearly 3% in pre-market trading. First Quarter: Net revenue $15.06 billion, year-on-year +6%, estimated $14.76 billion Investment banking revenue $1.92 billion, year-on-year -8.1%, estimated $2.03 billion Advisory revenue $792 million, year-on-year -22%, estimated $910.4 million Equity underwriting revenue $370 million, same period last year $370 million, estimated $394.4 million Debt underwriting revenue $752 million, year-on-year +7.6%, estimated $699.5 million Earnings per share $14.12, same period last year $11.58 Net interest income $2.90 billion, estimated $2.28 billion Provision for bad debts $287 million, year-on-year -9.7%, estimated $410.4 million Compensation expenses $4.88 billion, year-on-year +6.3%, estimated $4.86 billion Return on tangible equity +18%, estimated +16.1% Efficiency ratio 60.6%, same period last year 60.9%, estimated 61.6% Assets under management $31.7 trillion, year-on-year +11%, estimated $31.5 trillion Loans $210 billion, estimated $197.61 billion Updating... Risk Warning and Disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk