Goldman Sachs, one of Wall Street's heavyweights, has kicked off the reporting season in the US. The bank also beat market expectations by a wide margin.
The bank reported earnings of $17.55 per share, compared to $16.49 expected, and its revenue was also better than analysts had expected. Revenue increases were primarily driven by the bank's trading, which set new record figures. Quarterly profit exceeded the previous record by more than $1 billion.
Despite the result, the stock fell just over 3 percent in pre-market trading on Wall Street.
