Goldman profit up 27 percent as trading surges

Goldman profit up 27 percent as trading surges

(Reuters) - Goldman Sachs Group Inc reported a 27 percent rise in quarterly profit, driven by a surge in trading amid increased market volatility.

The bank said net income applicable to common shareholders rose to $2.74 billion, or $6.95 per share, for the three months ended March 31 from $2.16 billion, or $5.15 per share, a year earlier.

Analysts on average had expected earnings of $5.58 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.

(Reporting By Aparajita Saxena and Sweta Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Updated Date: Apr 17, 2018 22:12 PM

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