JPM - Goldman Sachs Sees Resurgence In Debt Underwriting And Deal Activity Q1 Profit Jumps 28% | Benzinga
On Monday, Goldman Sachs Group Inc. (NYSE:GS) reported revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion. Sales increased 16% year over year, reflecting higher net revenues across all segments.
Global Banking & Markets were $9.73 billion, up 15% Y/Y, boosted by a 32% increase in investment banking fees to $2.08 billion, primarily driven by an increase in completed mergers and acquisitions transactions and initial public and secondary offerings.
Like JPMorgan Chase & Co (NYSE:JPM) and Citigroup Inc (NYSE:C), Goldman Sachs reported strong trading and investment banking results for the ...