NEW YORK CITY (dpa-AFX) - The Goldman Sachs Group, Inc. (GS) reported that its first-quarter net earnings applicable to shareholders decreased to $1.95 billion or $4.02 per share, from $2.19 billion or $4.29 per share, previous year.
On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $3.45 for the quarter. Analysts' estimates typically exclude special items.
Net interest income increased to $1.04 billion from $925 million. Total non-interest revenues were $8.29 billion, compared to $9.16 billion.
Net revenues, including net interest income, was $9.33 billion, compared to $10.09 billion, a year ago. Analysts expected revenue of $8.70 billion for the quarter.
'We are generally pleased with our performance for the quarter given the operating environment. Investment Banking and Investment Management generated solid results, while market sentiment shifted throughout the quarter, constraining client activity in various parts of our franchise,' said, Lloyd Blankfein, CEO of Goldman Sachs.
The Board of Goldman Sachs declared a dividend of $0.55 per common share to be paid on June 27, 2014 to common shareholders of record on May 30, 2014.
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