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April 18, 2018
NEW YORK — Investment bank Goldman Sachs said Tuesday that its first quarter profits rose by 26 percent, helped by a lower tax bill and a surge in market volatility.
The Wall Street bank earned $2.83 billion, or $6.95 a share, compared with $2.26 billion, or $5.15 a share, in the same period a year earlier. The results topped analysts' forecasts, who were looking for Goldman to earn $5.58 a share, according to FactSet.
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