Goldman now says that it lost more than a $100 million on the funky mortgage transaction at the center of fraud charges filed Friday by the Securities and Exchange Commission.

That stated loss represents at least a $10 million jump from the $90 million loss Goldman initially said it booked on the deal.

Goldman Co-General Counsel Greg Palm during an earnings call today echoed earlier remarks from CEO Lloyd Blankfein that the firm had “no incentive” to dupe investors.

Goldman is being charged by the SEC with not disclosing that in 2007 that hedge fund titan John Paulson cherry-picked mortgage assets that made up the mortgage security that Goldman sold to investors without revealing to investors that Paulson selected certain assets and was betting that the entire deal would fail.

“We have never condoned and would never condone inappropriate behavior by any of our people. On the contrary, we would be the first to condemn it and take all appropriate action,” Palm said. “We would never intentionally mislead anyone, certainly not our clients or our counterparties.”

Meanwhile, Goldman said revenue from fixed-income, currencies and commodities trading, which contributed more than half of revenue last year, rose 13 percent in the first quarter to an all-time high of $7.39 billion from $6.56 billion. That beat estimates for $5.95 billion from Howard Chen at Credit Suisse Group AG and $6.09 billion from Roger Freeman at Barclays Capital.

Bank of America and JPMorgan Chase, the two biggest US banks by assets, both reported record fixed-income revenue last week of $5.52 billion and $5.46 billion respectively.