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Goldman profit up 27 percent as trading surges


(Reuters) - Goldman Sachs Group Inc reported a 27 percent rise in quarterly profit on Tuesday, driven by a surge in trading revenue due to increased market volatility.The bank said net income applicable to common shareholders rose to $2.74 billion, or $6.95 per share, for the three months ended March 31 from $2.16 billion, or $5.15 per share, a year earlier. on average had expected earnings of $5.58 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.Like other banks, Goldman's trading desk ...

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First Published: Tue, April 17 2018. 17:28 IST