Goldman Sachs' net revenue in the first quarter exceeded expectations

Goldman Sachs' net revenue for the first quarter was $15.06 billion, a year-on-year increase of 6%, estimated at $14.76 billion; net interest income for the first quarter was $2.90 billion, estimated at $2.28 billion; stock trading revenue for the first quarter was $4.19 billion, estimated at $3.80 billion. Goldman Sachs' U.S. stock rose nearly 3% in pre-market trading.

First Quarter:

Net revenue $15.06 billion, year-on-year +6%, estimated $14.76 billion

Investment banking revenue $1.92 billion, year-on-year -8.1%, estimated $2.03 billion

Advisory revenue $792 million, year-on-year -22%, estimated $910.4 million

Equity underwriting revenue $370 million, same period last year $370 million, estimated $394.4 million

Debt underwriting revenue $752 million, year-on-year +7.6%, estimated $699.5 million

Earnings per share $14.12, same period last year $11.58

Net interest income $2.90 billion, estimated $2.28 billion

Provision for bad debts $287 million, year-on-year -9.7%, estimated $410.4 million

Compensation expenses $4.88 billion, year-on-year +6.3%, estimated $4.86 billion

Return on tangible equity +18%, estimated +16.1%

Efficiency ratio 60.6%, same period last year 60.9%, estimated 61.6%

Assets under management $31.7 trillion, year-on-year +11%, estimated $31.5 trillion

Loans $210 billion, estimated $197.61 billion

Updating...

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