"Goldman Sachs (NYSE: GS) surprised investors with better-than-expected earnings while also raising equity to help replay $10 billion in TARP money," says Bill Martin In BullMarket.com.
"On the earnings front, Goldman swung back to solid profitability after turning in its first-ever quarterly loss at the end of its last fiscal year, which ended November 28th, 2008.
"Goldman earned a net profit of $1.66 billion, or $3.39 a share, compared to a Q1 2008 profit of $1.47 billion, or $3.23 a share. The results are a vast improvement over the loss of -$2.29 billion, or -$4.97 a share, reported for Q4 2008.
"Goldman Sachs has long been the best run of what were previously Wall Street's top investment banks and the strength of its trading operations were evident in the quarter.
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