Goldman Sachs Profit Surges

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Strong revenue in investment banking, fixed income trading and asset management helped Goldman Sachs Group Inc.’s first-quarter profit rise 62 percent from a year ago, the company said Tuesday. The results beat forecasts.


For the quarter ending Feb. 24, Goldman Sachs earned $2.45 billion ($5.08 per share), compared to $1.51 billion ($2.94) a year earlier. Revenue came to a record $10.34 billion, up 61 percent from $6.41 billion from a year ago.


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