Goldman Sachs quarterly profit falls 20 percent

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Goldman Sachs Group Inc 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 US$2.18 billion, or US$5.71 per share, in the first quarter ended March 31, from US$2.74 billion, or US$6.

95 per share, a year ago. http://bit.ly/2Pc3YouAnalysts were looking for a profit of US$4.89 per share, according to IBES data from Refinitiv, although it was not clear if that number was comparable with reported numbers.

 

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