Goldman Sachs beats by $0.69, reports revs in-line
- Reports Q1 (Mar) earnings of $5.71 per share, $0.69 better than the S&P Capital IQ Consensus of $5.02; revenues fell 12.6% year/year to $8.81 bln vs the $8.89 bln S&P Capital IQ Consensus.
- Net revenues in Institutional Client Services were $3.61 billion for the first quarter of 2019, 18% lower than the first quarter of 2018 and 49% higher than the fourth quarter of 2018.
- Net revenues in Investment Banking were $1.81 billion for the first quarter of 2019, essentially unchanged compared with the first quarter of 2018 and 11% lower than the fourth quarter of 2018