Posted 4/15/2024, 4:24:37 PM
Goldman Sachs Beats Q1 Earnings Estimates As Trading Revenue Surges
- Goldman Sachs reported strong Q1 earnings, beating analyst expectations on revenue and profits which rose 28%
- Sale of GreenSky and exiting consumer business helped drive better-than-expected results
- Capital markets recovery and rebound in investment banking volumes contributed to upside
- Analyst Brennan Hawken says Goldman is "clear winner" in current market environment with volatility driving trading volume
- Hawken believes shift in strategy and focus makes Goldman stock attractive as capital markets continue recovery