Goldman Sachs earnings per share jumped to $18.60 in the first quarter of 2021 from $3.11 a year earlier, according to the company’s press release. The EPS was higher than expected $10.22 per share as net earnings rose to $6.7 billion.
Goldman’s earnings reflected record levels of global deal making and a coronavirus-driven boom in equity trading.
Revenue from investment banking jumped 73% to $3.77 billion
Revenue from equities trading jumped 68% to $3.69 billion on heightened trading by ordinary investors.
Global markets generated quarterly net revenues of $7.58 billion, up 47% from the first quarter of 2020.
Consumer and Wealth Management generated record $1.74 billion revenue
Total revenue more than doubled to $17.7 billion, while financial advisory revenue was $1.1 billion.
Goldman held on its top ranking on the league tables for worldwide M&A advisory
The bank returned $3.15 billion of capital to common shareholders, including $2.70 billion of share repurchases and $448 million of common stock dividends.
Goldman stock is currently gaining. GS: NYSE is up 3.61%
