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Goldman Sachs crushes earnings, hikes dividend (GS)
  • Goldman Sachs beat first quarter earnings Monday, with EPS of $5.71, 15% above consensus.
  • Goldman stock was up less that 1% in pre-market trading after earnings were released.
  • On Friday, JPMorgan announced record results while Wells Fargo provided dissapointing guidance.
  • Watch Goldman Sachs trade live.

  • Adjusted earnings-per-share: $5.71, 15%  above consensus of $4.97
  • Operating profit: $2.7 billion, in-line with $2.7 billion.
  • Revenue: $8.81 billion, 3% below $9.04 billion
  • Return on equity: 11.1% KBW analysts led by Brian Kleinhanzl expect average ROE of 10%.
  • Institutional client services: KBW expects $3.66 billion in revenue from trading stocks, bonds, currencies and commodities.
  • Investment banking: Revenue of $1.84 billion may come from advising on mergers, and underwriting debt and equity offerings, according to KBW. 
  • Investment management: The research shop estimates $1.65 billion in revenue will come from managing money for institutions and wealthy individuals. 
  • Investing & Lending segment: Another $2 billion in revenue may come from gains in equity and debt investments, and lending activities, KBW estimates. 

Full "The Business Insider: The Money Game" article

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