(Reuters) – Goldman Sachs Group Inc (GS.N) reported a 27 percent rise in quarterly profit, driven by a surge in trading amid increased market volatility.

A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid

The bank said net income applicable to common shareholders rose to $2.74 billion, or $6.95 per share, for the three months ended March 31 from $2.16 billion, or $5.15 per share, a year earlier.

Analysts on average had expected earnings of $5.58 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.

Reporting By Aparajita Saxena and Sweta Singh in Bengaluru; Editing by Saumyadeb Chakrabarty



READ SOURCE

MUST READ  Wall Street drifts lower on last trading day of 2017
SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here