News
Goldman Sachs Profits Drop 60% In Q1
April 19, 2016
Goldman Sachs’ profits were slashed 60% in Q1, as the investment banking giant saw its lowest Q1 revenue since CEO Lloyd Blankfein took the helm in 2006.
Goldman, the worst performer on the Dow Jones this year, saw its net income decline to $1.14B from $2.84B a year earlier. The company is trying to ride out a year-long bond-trading slump aggravated by market turmoil and new regulations, Bloomberg reports.
