The Goldman Sachs Group Inc. reported on Monday that its net revenue for the first quarter of fiscal 2025 rose 6% on an annual basis to reach $15.1 billion, beating analysts' estimates.
The company's diluted earnings per common share (EPS) stood at $14.12 per share in the reported quarter, climbing by 22% year-on-year. Meanwhile, net earnings were at $4.7 billion, a 17% increase compared to the same quarter in the previous year.
"Our strong results this quarter have demonstrated that in times of great uncertainty, clients turn to Goldman Sachs for execution and insight. While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients," CEO David Solomon stated.
Goldman Sachs' shares added 2.56% at 7:33 am ET during premarket trading after the report's release, selling for $506.25 apiece.
