Goldman Sachs (GS) shares fell about 2.2% in pre-market trading after the bank beat EPS expectations on strong investment banking and trading results. Goldman also boosted its quarterly dividend to 46 cents per share from 35 cents.
Goldman posted $3.92 of EPS, 40 cents ahead of expectations. Revenue of $9.95 billion was also ahead of expectations for $9.34 billion. Investment banking revenues rose 35% above fourth quarter results, and fixed income trading revenues were more than double fourth quarter results. Nonetheless, results in both areas trailed last year’s numbers and the bank’s overall profit fell 23% year over year.
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