Goldman Sachs stock rose 2% on upbeat earnings report

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Goldman Sachs (GS.US) stock rose nearly 2% in premarket after one of the largest US banks posted upbeat first-quarter earnings. Goldman earned $18.60 per share well above analysts' expectations of $10.22 per share. Revenue of $17.7 billion also beat market estimates of $12.6 billion as Wall Street's biggest investment bank capitalized on record levels of global dealmaking activity. “We have been working hard alongside our clients in preparation for a world beyond the pandemic and a more stable economic environment,” CEO David Solomon said in the earnings release. “Our businesses remain very well positioned to help our clients reposition for the recovery, and that strength is reflected in the record revenues and earnings achieved this quarter.”

Goldman Sachs (GS.US) shares rose 2% following the release of its quarterly figures. Source: xStation5

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