NEW YORK: Investment bank Goldman Sachs Group said on Tuesday its quarterly earnings more than doubled, driven by strong revenue from stock and bond trading and its top position as a mergers and acquisitions adviser.
The brokerage said net income for the first quarter ended Feb 27 rose to US$1.29bil, or US$2.50 a share, a quarterly record for the company. In the year-ago quarter Goldman earned US$622mil, or US$1.29 per share.
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