Goldman Sachs: Q1 EPS down 42%
(CercleFinance.com) - Goldman Sachs has reported Q1 net income of 3.
94 billion dollars, meaning EPS that is down almost 42% y-o-y to 10.76 dollars, along with an annualised ROE of 15%.
Net investment banking income fell by 27% to 12.93 billion dollars, as declines in asset management and investment banking more than offset growth in wealth management and global markets.
In a turbulent quarter that was dominated by the devastating invasion of the Ukraine, the rapidly changing market environment significantly affected its clients business, management said.
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