Quarterly profit of Goldman Sachs fell 20%

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American bank Goldman Sachs, following the results of the first quarter, reported on the reduction of its net profit by 20% in annual terms to 2 billion 182 million dollars. Profit of 5 dollars 71 cents per share, however, turned out to be higher than the experts' forecast of 4 dollars 89 cents per share. Revenues amounted to 8 billion 807 million dollars, down over the year by 13%. Experts had expected the figure at 8 billion 930 million dollars. From operations with fixed income assets, the bank received 11% less revenue than a year earlier. The volume of earnings from operations with shares fell by 24%. The bank reduced its revenues in the field of work with institutional clients by 18%. Revenue from investment banking services remained virtually at the level of the previous quarter. In the field of investment management, revenue decline was at 14%.

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