Goldman Sachs says 1Q net income rises as businesses improves

MarketsAssociated Press

Investment bank Goldman Sachs says its first-quarter net income rose because of strong performances across its businesses.

The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compared with $1.9 billion, or $4.02, in the same period a year earlier.

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Revenue rose to $10.6 billion from $9.3 billion a year earlier.

Analysts polled by FactSet had forecast earnings per share of $4.26 and revenue of $9.4 billion. Goldman's stock rose 1 percent to $203 a share in premarket trading.