NEW YORK, April 15 — Goldman Sachs Group Inc reported a 20 per cent drop in quarterly profit today as equities and bond trading fell due to low market volatility.
The bank's net earnings attributable to common shareholders fell to US$2.18 billion (RM8.98 billion), or US$5.71 per share, in the first quarter ended March 31, from US$2.74 billion, or US$6.95 per share, a year ago.
Analysts were looking for a profit of US$4.89 per share, according to IBES data from Refinitiv, although it was not clear if that number was comparable with reported numbers. — Reuters
