Goldman Sachs has reported a mixed bag of first quarter results after a"muted" start to the year.
The investment bank reported a first-quarter profit of $2.25bn , or $5.71 a share, down from a profit of $2.83bn , or $6.95 a share, in the same period a year earlier. David Solomon, Goldman's chairman and chief executive, said:"We are pleased with our performance in the first quarter, especially in the context of a muted start to the year.""We are focused on new opportunities to grow and diversify our business mix and serve a broader range of clients globally."With improving momentum across our businesses, we are confident that Goldman Sachs will generate attractive returns for our shareholders.
The bank's total revenue fell 13% compared with a year ago, with three of its four main businesses seeing a drop.
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Source: The Independent - 🏆 80. / 59 Read more »