Goldman Sachs Group Inc (GS) Position Held by Whalerock Point Partners LLC

Honkamp Krueger Financial Services Inc. Reduces Position in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) Lifted to Buy at Vetr Inc.

Net income applicable to common shareholders jumped to $2.16 billion in the first quarter ended 31 March, from $1.2 billion a year earlier.

Goldman reported earnings of $5.15 per share, below the consensus forecast of $5.31 per share.

However, the bank still failed to meet Wall Street expectations.

The Average Earnings Estimate for the Current Fiscal quarter is $3.98 per share, according to consensus of 23 analysts.

Revenue during the quarter grew 26.63 percent to $8,026 million from $6,338 million in the previous year period. While this was almost double that of the year-ago quarter, it fell well-below our Zacks Consensus Estimate of $5.38 per share. In last year's first quarter, the firm reported $2.68 per share in earnings and $6.34 billion in revenue. Oil prices were also trading at years-low volatility levels.But the lack of volatility did not hurt competitors and management had a hard time clarifying what went wrong at Goldman Sachs. Alpha Cubed Investments LLC now owns 4,850 shares of the investment management company's stock valued at $782,000 after buying an additional 15 shares during the last quarter.

In other Goldman Sachs Group news, EVP John F.W. Rogers sold 32,325 shares of the company's stock in a transaction that occurred on Wednesday, February 15th. On a conference call with analysts, Goldman's newly appointed finance chief, R. Martin Chavez, said that while markets improved during the quarter, a lack of volatility meant clients were trading less. During the same period a year ago, the company posted $4.68 EPS. The Return on Equity (ROE) and Return on Investment values are 9.4 percent and 1.3 percent respectively.

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As of 1338 GMT shares in the lender were down by 2.77% to $220.0 in pre-market trading. Chicago Partners Investment Group LLC raised its position in shares of Goldman Sachs Group by 0.4% in the third quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Goldman Sachs said its investment-banking backlog decreased from the fourth quarter and last year's first quarter.

However, its net income nearly doubled to $2.26 billion, or $5.15 a share, from $1.14 billion, or $2.68 a share a year earlier.

Pressed by analysts about Goldman Sachs' client mix, Chavez said that some rivals have a bigger corporate client base, as they have larger lending books and bigger financing units.

Investment Banking stood out as the big victor in Q1.

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