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The net profit of Goldman Sachs grew by 25.6%

UNITED STATES (OBSERVATORY) –┬áNet profit of the banking giant from the US Goldman Sachs Group in the I quarter of 2018 increased by more than 25.6% compared to the same period last year to $ 2.832 billion.

As noted in the report of the bank, net profit for holders of shares by the end of the quarter increased by 26.6%, reaching $ 2.737 billion.

Net income in terms of share was $ 6.95, while a year earlier it was $ 5.58. Analysts had expected the figure to be $ 5.58 per share.

Goldman Sachs’ revenue was $ 10.036 billion, which is 25% more than the same period last year.

“The stable results of our divisions led to a good level of revenue in the first quarter, we are also expanding the customer base and continue to diversify our business to increase revenues,” said Goldman Sachs CEO Lloyd Blankfein.