16/04/2015 17:11
Goldman Sachs Group Inc. posted the highest earnings per share in more than five years as all of its major businesses topped analysts’ estimates and the firm paid out a smaller portion of revenue to compensate employees.
Net income surged 40 percent to $2.84 billion, or $5.94 a share, from $2.03 billion, or $4.02, a year earlier, the New York-based company said Thursday in a statement. That was higher than all 26 estimates in a Bloomberg survey of analysts.
Chief Executive Officer Lloyd C. Blankfein, 60, has preached patience as he stuck with trading businesses that competitors pared. His firm’s 12 percent increase in bond-trading revenue and 46 percent jump in equities surpassed gains at JPMorgan Chase & Co., the biggest U.S. bank by assets.
“In short, nothing not to like about these results,” Chris Kotowski, an analyst at Oppenheimer & Co., wrote in a note to clients. “Equity trading shines in all-around great quarter.”
Net income surged 40 percent to $2.84 billion, or $5.94 a share, from $2.03 billion, or $4.02, a year earlier, the New York-based company said Thursday in a statement. That was higher than all 26 estimates in a Bloomberg survey of analysts.
Chief Executive Officer Lloyd C. Blankfein, 60, has preached patience as he stuck with trading businesses that competitors pared. His firm’s 12 percent increase in bond-trading revenue and 46 percent jump in equities surpassed gains at JPMorgan Chase & Co., the biggest U.S. bank by assets.
“In short, nothing not to like about these results,” Chris Kotowski, an analyst at Oppenheimer & Co., wrote in a note to clients. “Equity trading shines in all-around great quarter.”