You are here: Home » Reuters » News
Business Standard

Goldman Sachs profit misses estimates on trading weakness

Reuters 

REUTERS - Goldman Sachs Group Inc reported a lower-than-expected quarterly profit as gains in investment banking were offset by weak trading revenue.Total revenue from trading fell 2.4 percent to $3.36 billion, the lowest in five quarters. Revenue from fixed-income securities, currencies and commodities trading rose just 1.3 percent to $1.69 billion."The operating environment was mixed, with client activity challenged in certain market-making businesses...," Chief Executive Lloyd Blankfein said in a statement.Goldman's trading results were in sharp contrast to those from JPMorgan Chase & Co ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 18 2017. 17:41 IST
RECOMMENDED FOR YOU