Current location:World Watchers news portal > opinions
A strong quarter for Wall Street lifts Goldman's first
World Watchers news portal2024-05-21 12:54:39【opinions】7People have gathered around
IntroductionNEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets’ performances in the first months of the year.
The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a pause on companies doing deals and mergers. But as executives have adjusted to the new normal and interest rates appear to be heading lower, Goldman has benefitted from the change in attitude.
The New York-based investment bank posted a profit of $4.13 billion, up 28% from a year earlier. The company earned $11.67 a share for the quarter, well above analysts expectations.
Most of Goldman’s underlying businesses had a strong quarterly performance. Investment banking fees were up 32% in the quarter at $2.08 billion. The bank said most of the growth was driven in debt underwriting, likely as a result of higher interest rates requiring companies to refinance their bonds and debt.
Address of this article:http://pitcairnislands.downmusic.org/article-84a299875.html
Very good!(5)
Related articles
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- When the touchy
- Mother, 24, outraged after learning shopping centre bathroom with baby changing facilities has CCTV
- Māori wards ultimatum for councils as coalition government imposes referendums
- Georgia Republicans choose Amy Kremer, organizer of pro
- CONTRIBUTIONS STANDARD TERMS AND CONDITIONS
- Queen Camilla could stand in for King Charles at the 80th anniversary of D
- Why do so many leading royals
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Why do so many leading royals
Popular articles
Recommended
Who is Jacob Zuma, the former South African president disqualified from next week's election?
What is happening with the NZ housing market this week?
King Charles's call for all able
Family use a drone to find their lost dog... and find it playing with a family of wild BEARS!
Everybody may love Raymond, but Ray Romano loves Peter Boyle
From gadget king to royal Luddite
Listen up: Northland to test tsunami sirens
Dozens of jobs set to be axed at Treasury
Links
- Street Dance in China — from Niche to Pop Culture Phenomenon
- China to Further Enhance Medical Treatment for Critical Pregnant Women
- Grassroots Health Centers Step up in Granting Better Elderly Lives
- Int'l Tourism Festival Featuring Frozen Waterfalls Opens at Jiuzhaigou National Park
- University Offers Love, Happiness Courses
- People Prepare for Upcoming Chinese New Year Across China
- Economic Keywords at 2024 'Two Sessions'
- Young Lodgers Bring Joy to Elderly Nursing Home Residents' Lives
- In a First, Marriage Registration Office Provides Documents in Braille
- With Ice, Snow, Hospitality, Harbin Becomes Brightest Star of Tourism in China