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Goldman Sachs Outperforms in 1Q18 on Trading, Underwriting

Robert Karr
Goldman Sachs Outperforms in 1Q18 on Trading, Underwriting

Goldman Sachs (GS) posted its strongest quarterly numbers in three years. The investment banking giant posted earnings per share or EPS of $6.95, compared to estimates of $5.58, helped by lower taxes, a rebound in trading, and debt underwriting. It boosted shareholder payouts, with dividends rising to $0.80 per share and repurchases totaling $800 million.