Goldman Sachs’ Profit Rises 15% and Tops Expectations as Trading Surges - Barron's
1. Goldman Sachs exceeded profit expectations, reporting $4.74 billion earnings. 2. Trading revenue surged 61%, but investment banking fees fell 8%. 3. Stock rose by 2.5% in premarket due to strong earnings performance. 4. Competitive pressures and market volatility create uncertainty for future performance. 5. Overall stock down 14% this year, underperforming S&P 500 decline.