Goldman Sachs profit falls on sluggish deals and bond trading, Marcus loss

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Goldman Sachs Group Inc's profit fell 19% as dealmaking and bond trading slumped in the first quarter, while losses from the sale of some loans from its consumer unit weighed on earnings.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kellyprofit fell 19% as dealmaking and bond trading slumped in the first quarter, while losses from the sale of some loans from its consumer unit weighed on earnings.

Goldman's net profit applicable to common shareholders fell to $3.09 billion in the quarter ended Mar. 31, compared with $3.83 billion a year earlier, while earnings per share slid to $8.79 from $10.76 last year, it said on Tuesday. Global mergers and acquisitions activity shrank to the lowest in more than a decade in the first quarter, according to data from Dealogic. That hurt Goldman's investment banking fees, which dropped 26% to $1.58 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“Well, so much for SpeakerMcCarthy giving his 100 day celebration speech as GOP ring leader of a 15th round ‘near knockout bout’ to the N.Y. Stock Exchange on deficit spending! We can see that went over really well! Time to ring the morning bell on his inability to instill…

経済強化期インフラ整備新設に伴う雇用拡大

Build Back Better

BIDENFLATION BIDENFLATION BIDENFLATION

good

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loansEARNINGS: Goldman Sachs posted Q1 profit that missed analysts’ expectations for revenue after taking a $470 million hit tied to the sale of consumer loans. خاصصثن لم ثوقخثزيةببحفزفغ نط غ Get Extreme Hakeem off your network the guy is a fool … he’s too extreme
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs profit falls in first quarter as dealmaking sputtersGoldman Sachs Group Inc's first-quarter profit fell 19% as sluggish dealmaking eroded the Wall Street giant's fees from investment banking, while losses from the sale of some loans from its consumer unit, Marcus, weighed on the results.
Source: Reuters - 🏆 2. / 97 Read more »

Goldman Sachs simplifies options trading with new visualization toolGoldman Sachs just upgraded an AI-powered tool that's part of its plan to simplify options trading for its clients
Source: BusinessInsider - 🏆 729. / 51 Read more »