Shares of Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS +2.78% rose 1.7% in premarket trading Wednesday after the bank and brokerage company reported record profit and revenue that beat expectations, amid a big beat in its equities business and as provisions for credit losses swung to a benefit. Net income grew to $6.71 billion, or $18.60 a share, from $1.12 billion, or $3.11 a share, in the year-ago period. The FactSet consensus was for earnings per share of $10.22. Total revenue doubled, to $17.70 billion from $8.74 billion, to beat the FactSet consensus of $12.56 billion, as net interest income increased 12.9% to $1.48 billion to beat expectations of $1.34 billion. Among business segments, investment banking revenue soared 73% and global markets revenue increased 47%. Within global markets, rixed income, currencies and commodities (FICC) revenue grew 31% to $3.89 billion, above the FactSet consensus $3.04 billion, while equities revenue rose 68% to $3.69 billion to surpass expectations of $2.38 billion. Provision for credit losses swung to a net benefit of $70 million from provisions of $937 million. The stock has gained 6.4% over the past three months through Tuesday, while the SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF +1.58% has advanced 11.2% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.06% has tacked on 9.1%.