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Goldman Sachs profit jumps 28% on investment banking strength

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Goldman Sachs profit jumps 28% on investment banking strength

- Goldman Sachs profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday.

With corporations regaining some confidence to raise money in capital markets, equity and bond underwriting business rebounded. Revenue from trading in fixed income, currencies and commodities rose 10% to $4.32 billion, while equities revenue jumped 10% to $3.31 billion.

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