Goldman Sachs Q1 Profit Soars on Trading, Deals Boom

• Goldman Sachs earned nearly $4 billion in Q1 2024 profit, beating analyst expectations • Results driven by strong performance in trading and corporate advisory units • Contrasts with JPMorgan Chase, which recently forecasted a rougher year than expected • Goldman benefited from bumper investment banking fees of over $2 billion • Share price rose 3% on Monday following earnings release