Article Hero

Record first-quarter figures for Goldman Sachs

Miguel A. Rodriguez
Miguel A. Rodriguez
14 April 2021
The bank left behind analysts’ expectation as it posted record revenues and EPS

Goldman Sachs, one of the largest US investment banks, reported first-quarter 2021 figures that left Wall Street impressed.

The bank posted an EPS of $18.60, higher than the $10.22 expected. The figures represent a 498% increase from the same time last year. Moreover, the $17.7 billion in revenues topped the $12.6 billion consensus. On a year-over-year basis, the revenue more than doubled.

David Solomon, CEO of Goldman Sachs: “We have been working hard alongside our clients in preparation for a world beyond the pandemic and a more stable economic environment. “Our businesses remain very well positioned to help our clients reposition for the recovery, and that strength is reflected in the record revenues and earnings achieved this quarter.”

Following the report, Goldman Sachs stock price went up 1.7%. Since the beginning of the year, its shares climbed 24%.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.