Goldman Beats Estimates on Jump in Investment Banking

Goldman Sachs Group Inc., the Wall Street bank with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.

First-quarter net income fell 10 percent to $2.03 billion, or $4.02 a share, from $2.26 billion, or $4.29, a year earlier, the New York-based company said today in a statement. That beat the $3.49 average estimate of 25 analysts in a Bloomberg survey.