Tuesday, April 18, 2017

Goldman Sachs Q1 Results Climb, Miss Estimates; Ups Dividend; To Buy Back Shares

Goldman Sachs Group Inc. reported significantly higher earnings and revenues in its first quarter, mainly with good growth in investment banking revenues. Earnings per share and revenues, meanwhile, missed analysts' estimates. Further, the company lifted its quarterly dividend, and announced the repurchase of an additional 50 million shares. In pre-market activity, GS shares were losing 2.52%.

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