Goldman Sachs Beats Estimates

Credit: Wochit
Published on April 15, 2019 - Duration: 00:44s

Goldman Sachs Beats Estimates

REUTERS/Brendan McDermid The bank’s total revenue, however, fell 13 percent in the first quarter and missed analysts’ estimates, with three of its four main businesses recording a drop in revenue.

Total institutional client services, the unit that houses the bank’s trading business, recorded the biggest drop as lower market volatility coupled with the longest U.S. government shutdown hurt equity and bond trading revenue.

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