Goldman Sachs (GS) Misses Q1 EPS by 16c; Raises Qtr Dividend to $0.75/Sh

April 18, 2017 7:36 AM

Goldman Sachs (NYSE: GS) reported Q1 EPS of $5.15, $0.16 worse than the analyst estimate of $5.31. Revenue for the quarter came in at $8.03 billion versus the consensus estimate of $8.45 billion.

“The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer. “As the economy improves, we are wellpositioned to not only meet our clients’ diverse needs, but also to generate operating leverage for our shareholders.”

On April 17, 2017, the Board of Directors of The Goldman Sachs Group, Inc. (Board) increased the firm’s quarterly dividend to $0.75 per common share from $0.65 per common share. The dividend will be paid on June 29, 2017 to common shareholders of record on June 1, 2017.

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