Goldman Sachs quarterly profit falls 20 percent By Reuters

© Reuters. The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York

(Reuters) – Goldman Sachs Group Inc (NYSE:) reported a 20 percent drop in quarterly profit on Monday as equities and bond trading fell due to low market volatility.

The bank’s net earnings attributable to common shareholders fell to $2.18 billion, or $5.71 per share, in the first quarter ended March 31, from $2.74 billion, or $6.95 per share, a year ago.

Analysts were looking for a profit of $4.89 per share, according to IBES data from Refinitiv, although it was not clear if that number was comparable with reported numbers.

Source link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Get The Latest Investing Tips
Straight to your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.