| Goldman Sachs earnings beat estimates | Goldman Sachs' net income rose 7 per cent to $2.3bn in the first quarter, as an uptick in debt issuance offset a decline in trading revenues.
Revenues rose 9 per cent to $10.1bn. Analysts had expected about $2.1bn in net income and $9.7bn in revenue.
"We are pleased with our performance for the quarter," said Lloyd Blankfein, chief executive. "Our strong client franchise across our businesses drove generally solid results. Still, the potential for macroeconomic instability was felt in the quarter and constrained overall corporate and investor activity. We continue to be very focused on controlling our costs and efficiently managing our capital."
http://link.ft.com/r/CTBPCC/9MQCNM/72RX7Y/XH3WVQ/SU5PIR/FW/h?a1=2013&a2=4&a3=16
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