Earnings down but better than expected for Goldman Sachs in the first quarter of 2012. The fifth largest US bank by capitalization reported a profit of $2,1 billion in the first three months of 2012, down compared to the same period of 2011 (2,74 billion) but better than expected. Driving up the benefits of the US business institution were the aggressive cost cutting and the increase in revenues, better than expected, to 9,95 billion dollars, coming from investment banking and trading.
Goldman Sachs also raised its quarterly dividend to $0,46 per share $0,35 ordinary.
Just over an hour from the opening of Wall Street Goldman Sachs stock gains 0,12% at $117,85 per share.
