Goldman Sachs Obliterates Estimates
Triumph in adversity…
The haters might be out in force but if there’s one thing bound to make the Goldman faithful keep their chins up, it’s making loads of money.
Bloomberg: Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, reported first-quarter earnings that surpassed analysts’ estimates on record fixed- income trading revenue.
Net income rose 91 percent to $3.46 billion, or $5.59 per share, in the three months through March, from $1.81 billion, or $3.39 per share, a year earlier, the New York-based bank said today in a statement. The average estimate of 23 analysts surveyed by Bloomberg was for $4.14 per share.
Their PR guys might just let that do the talking.
Doubtful.









