Goldman Sachs stock jumps on better-than-expected Q1 earnings

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Shares of Goldman Sachs (GS) are trading higher on Monday following the company's first quarter earnings report, beating expectations on both the top and bottom lines. Revenue came in at $14.21 billion against analyst estimates of $12.98 billion. Additionally, the company's adjusted earnings per share (EPS) reached $11.58, surpassing the expected $8.81 per share. Goldman Sachs also reported a 28% year-over-year increase in net income for the quarter, further buoying the stock price.

Yahoo Finance's Madison Mills breaks down the details.

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This post was written by Angel Smith