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Goldman trumps profit estimates as bond trading shines

Reuters 

By Aparajita Saxena(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.The bank's bond trading business outperformed, with revenue rising 23 percent in the first quarter.Overall revenue from trading - Goldman's biggest business - was up 30.5 percent as 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.The bank's shares rose 1.4 percent to ...

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First Published: Tue, April 17 2018. 19:50 IST
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