Goldman Sachs Q1 Results Top Estimates

(RTTNews) - Goldman Sachs Group, Inc. (GS) reported Monday that net earnings applicable to common shareholders for the first quarter grew to $4.58 billion or $14.12 per share from $3.93 billion or $11.58 per share in the prior-year quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $12.27 per share for the quarter. Analysts' estimates typically exclude special items.

Provision for credit losses for the quarter was $287 million, compared to $318 million last year.

Total net revenues for the quarter grew 6 percent to $15.06 billion from $14.21 billion in the same quarter last year. Analysts expected revenue of $14.71 billion for the quarter.

Net interest income for the quarter soared 111 percent to $2.90 billion, while total non-interest revenues decreased 5 percent to $12.17 billion from last year.

On Friday, the Board of Directors of The Goldman Sachs Group, Inc. declared a dividend of $3.00 per common share to be paid on June 27, 2025 to common shareholders of record on May 30, 2025.

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