Goldman profit at 5-year high as every business tops estimate

April 16, 2015 1:07 PM

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Goldman profit at 5-year high as every business tops estimate

Goldman Sachs Group Inc. posted the highest earnings per share in more than five years as all of its major businesses topped analysts’ estimates and the firm paid out a smaller portion of revenue to compensate employees.

Net income surged 40 percent to $2.84 billion, or $5.94 a share, from $2.03 billion, or $4.02, a year earlier, the New York-based company said Thursday in a statement. That was higher than all 26 estimates in a Bloomberg survey of analysts.

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