Goldman Reaps the Benefits of Diversification

The investment bank reduced its dependence on fixed-income trading while fixing the business

Goldman Sachs’ earnings were not only strong and marked solid rebound from last year, but they also highlighted the bank’s success in broadening its business.

The bank put a tough 2017 firmly behind it Tuesday, reporting first-quarter earnings that beat estimates by a wide margin. Revenue rose 25% from a year earlier while earnings per share rose 35%.

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