Fitch: Higher Trading Drives Goldman's Strong 1Q'15 Results

April 16, 2015 5:26 PM

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(The following statement was released by the rating agency) CHICAGO, April 16 (Fitch) Goldman Sach's (GS, rated 'A/F1', Stable Outlook) first quarter 2015 (1Q'15) reported earnings of $2.84 billion were strong, in Fitch Ratings' view, led by increased capital markets activity in its Institutional Client Services (ICS) business line, continued improvement in other business lines, and controlled compensation expenses. .

Fitch calculated pre-tax profits which excluded CVA/DVA adjustments and various other gains/losses, amounted to $4 billion, or a 1.84% return on ending assets. These are the strongest result GS has delivered in the last several quarters, and Fitch believes it is evidence of the company's strong fran...

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