By Iain Gilbert
Date: Wednesday 14 Apr 2021
LONDON (ShareCast) - (Sharecast News) - Investment bank Goldman Sachs posted a huge jump in first-quarter profits on Wednesday, with the group taking advantage of record levels of dealmaking activity throughout the period.
Goldman Sachs said net earnings skyrocketed to $6.84bn in the three months ended 31 March, a marked improvement when compared to the $1.12bn seen at the same time a year earlier.
Earnings per share rose to $18.60 from $3.11 in the first quarter of 2020, well ahead of analysts estimates for an EPS of $10.22.
Quarterly net revenues were $17.70bn, more than double the amount reported for the same period twelve months prior, as the bank's Global Markets unit generated quarterly net revenues of $7.58bn, 47% higher than the first quarter of 2020 and its highest quarterly net revenues since 2010.
Book value per common share also increased, up 6.2% during the quarter to $250.81.
As of 1240 BST, Goldman Sachs shares were up 1.78% in pre-market trading at $327.68 each.
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Currency | US Dollars |
Share Price | $ 450.18 |
Change Today | $ 3.72 |
% Change | 0.83 % |
52 Week High | $470.41 |
52 Week Low | $289.91 |
Volume | 15 |
Shares Issued | 922.90m |
Market Cap | $415,469m |
RiskGrade | 139 |
Strong Buy | 5 |
Buy | 11 |
Neutral | 7 |
Sell | 1 |
Strong Sell | 0 |
Total | 24 |
Time | Volume / Share Price |
15:59 | 100 @ $449.85 |
15:58 | 100 @ $449.83 |
15:58 | 100 @ $449.83 |
15:58 | 100 @ $449.83 |
15:58 | 457 @ $449.88 |
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