Goldman Sachs today blew past Wall Street expectations for first-quarter profit, as the investment bank behemoth capitalised on record levels of global dealmaking activity, City A.M reports.
Net profit jumped to $6.7 billion in the quarter ended March 31 from $1.12 billion in the same period a year ago.
An unprecedented boom in private firms merging with listed shell companies to go public has helped the Wall Street banking titan earn handsome fees, resulting in a 73 percent jump in revenue from investment banking. Read more.
