Overview
- The bank reported $17 billion in net revenue and $17.55 in EPS for the first quarter, topping consensus.
- Goldman returned $6.38 billion to shareholders in the quarter through buybacks and its dividend.
- Jefferies cut its price target to $1,049 with a Buy rating, and UBS lowered its target to $930 with a Neutral stance.
- Jefferies lifted its Q2 EPS estimate to $15.60, which sits below the $16.29 consensus.
- Shares have slipped this year and fell after the report, as commentators pointed to macro and geopolitical uncertainty.