The worlds leading M&A company Goldman Sachs announced today its first quarter results. According to the company, net revenues were 10,6 billion dollars, the highest quartely result in four years.
Investment Banking generated net revenues 1,91 billion, which is the highest quartely performance since 2007 and it shows 7 % increase. Institutional Client Services produced net revenues of 5,46 billion dollars, growth 23 % from a year ago and 73 % growth from the fourth quarter of 2014. Financial Advisory were 961 million dollars.
Total assets were 865 billion dollars at the end of March 2015. Earnings per common share were 6,05 dollars compared to 4,15 dollars year ago.
– We remain encouraged about the prospects for continued growth, the company said in the interim report. Goldman Sachs is having a conference call today, at 9.30 Eastern time.