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Shares of Goldman Sachs Group Inc declined on the NYSE on Monday despite the investment bank reporting strong first-quarter results.
Goldman Sachs' investment banking fees surged 48% YoY to $2.84 billion due to increased deal activity.
KEY POINTS
- Revenue from equity trading and financing hit a record $5.33 billion, rising 27% year-on-year.
- Revenue from fixed income, currencies and commodities fell 10% to $4.01 billion this quarter.
- Goldman Sachs advised Unilever's $65 billion merger with McCormick and Equitable's $22 billion insurer deal.
- Shares initially declined despite strong results due to Iran–US tensions but rebounded on renewed negotiation hopes.
COMPANIES
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