Goldman Sachs reported a 15 per cent rise in first-quarter profit as market volatility led to record revenue in equities trading and boosted fixed income results. The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on to economic projections, which are being clouded by uncertainty over tariffs that could spur inflation and trigger a recession. Goldman's profit rose to $4.74 billion, or $14.12 per share, for the three months ended March 31, the bank said on Monday.