April 17 (Reuters) - Goldman Sachs Group Inc reported a 27 percent rise in quarterly profit, driven by a surge in trading amid increased market volatility.
The bank said net income applicable to common shareholders rose to $2.74 billion, or $6.95 per share, for the three months ended March 31 from $2.16 billion, or $5.15 per share, a year earlier. bit.ly/2HsRNlS
Analysts on average had expected earnings of $5.58 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable. (Reporting By Aparajita Saxena and Sweta Singh in Bengaluru Editing by Saumyadeb Chakrabarty)