Goldman Sachs CEO Sees 'Markedly Different Operating Environment' Entering Q2, Announces $40 Billion Stock Buyback

Goldman Sachs Group Inc. (NYSE:GS) shares are trading higher on Monday after the company reported its first-quarter results.

Revenue of $15.06 billion beat the consensus of $14.81 billion. Revenue increased by 6% year-over-year, reflecting growth in Global Banking & Markets. Net interest income rose to $2.90 billion, up from $1.37 billion a year ago quarter.

Goldman Sachs clocked GAAP EPS of $14.12, beating the consensus of $12.35.

Provision for credit losses was $287 million for the first quarter, lower than $318 million a year ago quarter, reflecting net provisions related to the credit card portfolio.

Segment Revenues: Global Banking & Markets revenues were $10.71 billion, up 10% year-over-year. Net revenues from Equity grew 27% year-over-year to $4.19 billion, reflecting significantly higher net revenues in intermediation and financing.

Also, net revenues in Fixed Income, Currency, and Commodities ...

https://www.benzinga.com/25/04/44791428/goldman-sachs-q1-beats-consensus-equity-ficc-revenues-drive-growth-declares-40b-buyback