Goldman Sachs Says 1Q Net Income Rises

NEW YORK (AP) -

Investment bank Goldman Sachs says its first-quarter net income rose because of strong performances across its businesses.

The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compared with $1.9 billion, or $4.02 a share, in the same period a year earlier.

Revenue rose to $10.6 billion from $9.3 billion a year earlier.

Analysts polled by FactSet had forecast earnings per share of $4.26 and revenue of $9.4 billion. In premarket trading, Goldman’s stock was up 80 cents, or 0.4 percent, to $201.90.