Goldman Sachs's profit slumps as quiet trading and underwriting takes a toll across Wall Street
Goldman Sachs Group Inc.‘s first-quarter profit fell 21% from a year ago as quiet trading and underwriting took a toll across Wall Street.
Goldman posted a quarterly profit of $2.25 billion, or $5.71 a share, on revenue of $8.81 billion. Both are lower than a year ago, when a newly amped-up market generated outsize trading fees.
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