Goldman's Monster Q1 Spurred By Megadeals, Volatility

April 16, 2015 3:35 PM

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Goldman's Monster Q1 Spurred By Megadeals, Volatility

Goldman Sachs (NYSE:GS) crushed Wall Street's first-quarter expectations, as stock market volatility fueled trading revenue and a string of megadeals boosted advisory fees.

The investment banking giant earned $5.94 a share, up 47.8% from a year earlier and crushing the $4.26 forecast by analysts polled by Thomson Reuters. Revenue surged 13.8% to $10.6 billion, easily beating estimates of $9.4 billion.

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