Goldman Sachs crushes earnings and hikes dividend, but equity trading comes up short
Equities Sales & Trading revenue: $1.84 billion versus $1.78 billion expectedInvestment management revenue: $1.84 billion versus KBW forecast of $2 billion
"We are pleased with our performance in the first quarter, especially in the context of a muted start to the year," said Goldman Sachs Chairman and CEO David Solomon. "Our core businesses generated solid results driven by our strong franchise positions. We are focused on new opportunities to grow and diversify our business mix and serve a broader range of clients globally. With improving momentum across our businesses, we are confident that Goldman Sachs will generate attractive returns for our shareholders."
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