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Goldman Sachs made more money than expected, thanks to a big jump in stock trading revenue of 72%.

ResultsRead the original at Benzinga
Good for GS

Goldman Sachs beat profit and sales forecasts, and its main banking and asset-management businesses grew. Higher costs and a sharp Platform Solutions decline are concerns, but broad gains support the company.

GS · Goldman Sachs Group Inc.

AI read · Good for GS

The AI's read

The results show clients used Goldman’s services across several major businesses. Banking and markets revenue grew, asset-management revenue rose, and assets under supervision reached a record. Higher operating costs and credit-loss provisions cut into that strength. Platform Solutions also fell sharply after loan markdowns, but growth across the other businesses supports a favorable reading.

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