Shares of financial juggernaut Goldman Sachs Group (NYSE:GS) are trending lower today after the company announced first-quarter numbers.
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Revenue declined 5.5% year-over-year to $12.22 billion but missed the cut by $440 million. EPS at $8.79 though surpassed expectations by $0.65.
The company witnessed robust performances across fixed income, currency & commodities as well as equities during the quarter. Additionally, while platform solutions revenue more than doubled to $564 million, assets under supervision rose by $125 billion to $2.67 trillion in Q1.
Moreover, the company has declared a $2.50 per share quarterly dividend. The dividend is payable on June 29 to investors of record on June 1.
Overall, the Street has a $408.92 consensus price target on GS, pointing to a 20.4% potential upside in the stock. That’s on top of a 10.3% rise in GS shares over the past month alone.
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