Wealth and Asset Management
Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years
Goldman Sachs on Wednesday said first-quarter profit dropped 46% as the coronavirus pandemic wiped out results in its asset management division. The bank said it earned $1.21 billion in the quarter, or $3.11 a share, missing the $3.35 estimate of analysts surveyed by Refinitiv. While results were dragged down by…
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