Goldman Sachs blew past consensus forecasts on the top line and bottom line in the first quarter as the Wall Street giant sought to get back to normal in the face of impropriety allegations.Nice work if you can get it. Good thing we bailed these guys out, huh? I'm betting your company didn't double its profit from this time last year and split billions in bonus checks too.
The company reported earnings per share of $5.59 in the period, compared with estimates of $4.01. Revenue was $12.78 billion, versus estimates of $11.07 billion by analysts polled by ThomsonReuters.
Goldman's profit was well ahead of the $3.39 per share reported in the first quarter of last year. Its net income rose to $3.3 billion, double the $1.66 billion from the same time period in 2009.
Meanwhile, it's worth hearing Matt Taibbi's take on the whole Goldman Sachs issue since Friday's charges were announced.
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