Edition:
United Kingdom

Goldman Sachs Reports 2019 First Quarter EPS Of $5.71


Monday, 15 Apr 2019 

April 15 (Reuters) - Goldman Sachs Group Inc ::GOLDMAN SACHS REPORTS 2019 FIRST QUARTER EARNINGS PER COMMON SHARE OF $5.71 AND INCREASES THE QUARTERLY DIVIDEND TO $0.85 PER COMMON SHARE.GOLDMAN SACHS - NET REVENUES IN INVESTMENT BANKING WERE $1.81 BILLION FOR Q1, ESSENTIALLY UNCHANGED COMPARED WITH THE FIRST QUARTER OF 2018.GOLDMAN SACHS - NET REVENUES WERE $8.81 BILLION FOR THE FIRST QUARTER OF 2019, 13% LOWER THAN THE FIRST QUARTER OF 2018.GOLDMAN SACHS - OPERATING EXPENSES WERE $5.86 BILLION FOR THE FIRST QUARTER OF 2019, 11% LOWER THAN THE FIRST QUARTER OF 2018.Q1 EARNINGS PER SHARE VIEW $4.89, REVENUE VIEW $8.99 BILLION -- REFINITIV IBES DATA.GOLDMAN SACHS - QTRLY NET REVENUES IN FIXED INCOME, CURRENCY AND COMMODITIES CLIENT EXECUTION WERE $1.84 BILLION, 11% LOWER THAN Q12018.GOLDMAN SACHS - NET PROVISIONS FOR LITIGATION AND REGULATORY PROCEEDINGS FOR Q1 WERE $37 MILLION VERSUS $44 MILLION FOR THE FIRST QUARTER OF 2018..GOLDMAN SACHS - PROVISION FOR CREDIT LOSSES WAS $224 MILLION FOR THE FIRST QUARTER OF 2019, COMPARED WITH $44 MILLION FOR THE FIRST QUARTER OF 2018.GOLDMAN SACHS - HEADCOUNT DECREASED 2% DURING THE FIRST QUARTER OF 2019..GOLDMAN SACHS - QTRLY NET REVENUES IN EQUITIES WERE $1.77 BILLION, 24% LOWER THAN THE FIRST QUARTER OF 2018.GOLDMAN SACHS - PROVISION FOR CREDIT LOSSES FOR THE FIRST QUARTER OF 2019 PRIMARILY REFLECTED PROVISIONS RELATED TO THE CONSUMER LOAN PORTFOLIO.