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Goldman Revenue Record
Description
Goldman Sachs' equity traders set an all-time bank record with $5.33B in Q1 revenue, surpassing the previous record by over $1B, driven by Iran war volatility. Fixed-income revenue of $4.01B missed estimates by $800M, falling 10% year over year. Advisory fees surged 89% to $2.84B on stronger merger activity. Shares fell 4.1% in early trading.
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