Wednesday, April 20, 2016

Earnings Fall of Goldman Sachs – Business World


     Goldman Sachs. Photo: TT
     

The American Goldman Sachs reported earnings per share of $ 2.68 (5.94) for the first quarter in 2016.

Expectations low at 2 , $ 57 per share, according to Zacks Estimates.

revenue amounted to 6.34 billion dollars (10.6) compared to the expected 7.12 billion dollars.

according to the bank explained that lower profit compared with the corresponding quarter last year of turbulent markets weighed on several of the bank’s activities.

“the market conditions during the quarter was challenging, resulting in a headwind of virtually all areas of activity,” said Goldman Sachs CEO Lloyd Blankfein.

the profit for the fiscal Investment Banking decreased by 23 percent compared with the previous year, and trading operations dropped 37 percent.

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