Goldman Sachs Outperforms in 1Q18 on Trading, Underwriting
Goldman Sachs (GS) posted its strongest quarterly numbers in three years. The investment banking giant posted earnings per share or EPS of $6.95, compared to estimates of $5.58, helped by lower taxes, a rebound in trading, and debt underwriting. It boosted shareholder payouts, with dividends rising to $0.80 per share and repurchases totaling $800 million.