FX Markets



US investment bank Goldman Sachs last week reported strong pre-tax profits for the first quarter of $905 million, up 60 per cent from the $565 million reported for the same period a year earlier. Earnings are also well above the $743 million in pre-tax profits reported for the fourth quarter. Goldman reports a surge in first quarter gross revenues as well, to $1.957 billion from $1.464 billion for the same period a year earlier. Goldman reports that expenses for the quarter were $1.052 billion

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