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Stock impact report

Goldman Sachs tops estimates on record equities trading — here's why the stock is falling [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
Goldman SachsHere's what the company reported:The bank said profit climbed 19% from the year-earlier quarter to $5.63 billion, or $17.55 per share. Revenue climbed 14% to $17.23 billion.Trading desks across Wall Street were busy at the start of the year as institutional investors set new positions against the churn of -led disruption in markets. For Goldman, that resulted in its biggest quarter from equities trading, helping propel the overall firm to its second-highest quarterly revenue.Equities revenue rose 27% to $5.33 billion, or about $420 million more than the StreetAccount estimate, on rising financing activity to hedge fund clients in its prime brokerage business, as well as matching more buyers and sellers in cash equities products.Investment banking fees climbed 48% to $2.84 billion, about $340 million more than expected, on a surge in advisory revenues from completed mergers transactions. The firm also cited higher revenue in equity and debt underwriting.But the firm's fixe Show less Read more
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