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Goldman crushes profit estimates as trading surges


(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, powered by a surge in trading revenue and higher fees from debt and equity underwriting.The lender's trading revenue jumped 30 percent from a year earlier when it reported a 2 percent fall, hurt by its worst bond trading results since the financial crisis.Volatility rocked global markets in February after a prolonged calm in 2017, roiling stocks, bonds, currencies and commodities, and remained elevated through the end of March, helping Goldman book gains in both equity and bond trading in ...

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First Published: Tue, April 17 2018. 18:09 IST