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Goldman Sachs says 1Q net income rises

FILE - In this March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman Sachs Group releases quarterly results before market opens Thursday April 16, 2015. (AP Photo/Richard Drew)
FILE - In this March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman Sachs Group releases quarterly results before market opens Thursday April 16, 2015. (AP Photo/Richard Drew) FILE - In this March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman Sachs Group releases quarterly results before market opens Thursday April 16, 2015. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – Investment bank Goldman Sachs says its first-quarter net income rose because of strong performances across its businesses.

The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compared with $1.9 billion, or $4.02, in the same period a year earlier.

Revenue rose to $10.6 billion from $9.3 billion a year earlier.

Analysts polled by FactSet had forecast earnings per share of $4.26 and revenue of $9.4 billion. Goldman’s stock rose 1 percent to $203 a share in premarket trading.