Breaking: Goldman Sachs smashes it again, expectations blown out of water

Ivan Brian FXStreet

Goldman Sachs smashed analyst expectations on Wednesday as the investment bank released Q1 2021 results. Wall Street analysts had expected earnings per share (EPS) of $10.22, but Goldman instead posted EPS of $18.60.

Revenue was expected to come in at $12.61 billion for the quarter, but Goldman also left these estimates in the dust and posted revenue of $17.7 billion.

Investment banking was the standout as that division posted record profits of $3.77 billion for the quarter.

Market reaction

Goldman Sachs GS shares are trading 1.8% higher at $333.60 in Wednesday's pre-market.

At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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