Goldman Saunters In, Delivers Astounding Beat, Strolls Out
With JPMorgan's results on the books as a beat with an asterisk (Dimon struck a somewhat cautious tone on loan demand and the sustainability of the US housing boom), Goldman stepped up to the plate.
Tentacles bulging like a juiced-up Mark McGwire, the Mighty Squid delivered revenue of $17.7 billion, doubling Q1 2020's total and making a mockery of consensus. The range was $10.45 billion to $14.28 billion. EPS of $18.60 looked like a freakish beat. FactSet was $10.22, with a range of $7.69 to $1
Jamie can write poignant letters but at Goldman the DJ delivers a beat shareholders can dance to
The Mighty Squid, indeed.