Quarterly profit of Goldman Sachs fell 20%


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%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong