Goldman Sachs says 1Q net income rises

[Omaha Steve]

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) — Investment bank Goldman Sachs says its first-quarter net income rose because of strong performances across its businesses.

The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compared with $1.9 billion, or $4.02, in the same period a year earlier.

Revenue rose to $10.6 billion from $9.3 billion a year earlier.

Analysts polled by FactSet had forecast earnings per share of $4.26 and revenue of $9.4 billion. Goldman's stock rose 1 percent to $203 a share in premarket trading.



FILE - In this March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman Sachs Group releases quarterly results before market opens Thursday April 16, 2015. (AP Photo/Richard Drew)

Read more: http://apnews.excite.com/article/20150416/us-earns-goldman-sachs-d6f8b76a7d.html

[turbinetree]

1. How

quaint, they got billions from the tax payers.
Jamie Dimon got his bonus like the rest of his team, and then when they pay a fine, they get to write it off on there business tax expense and make more money off that ,and lets not forget they got really cheap money from the taxpayers to do what with it-------charge us high interests and help on the foreclosure of homes and businesses----because they did not care.
While the small fry tax payers who use to get tax breaks from credit card interests, car loan interests, ect.... because it was not considered earned income by the payee, now have to include this has earned income and are taxed and we have become "collateral consequences" of the to big to fail model and there stock is worth over $200 a share that we subsidized / bailed out by there criminal behavior------what is wrong with this picture

[WDIM]

2. 10,600,000,000.00

We should write out the zeros so maybe people will understand how ridiculous that amount of money is.

90 percent of the money was probably created out of thin air from derivatives and interest. There is nothing tangible or hard work about this wealth creation. It is simply money creating money.

Bankster living fat from wagering obscene amounts of money in the gambling hall we call Wall Street.

There is nothing real about their wealth only worth as much as the computer its stored on.

[frylock]

3. yay