Goldman Sachs quarterly profit falls 20 percent
- Goldman Sachs Group Inc beat quarterly profit estimates on Monday as the bank earned more from advising on M&A deals and expenses fell due to lower compensation costs.
The bank’s total revenue, however, fell 13 percent in the first quarter and missed analysts’ estimates, with three of its four main businesses recording a drop in revenue. Trading slowed considerably in the quarter as concerns over the U.S.-China trade war eased, and markets rebounded from steep losses in December 2018.
JPMorgan Chase & Co on Friday reported a 10 percent decline in adjusted markets revenue. Its equities revenue, on an adjusted basis fell 13 percent, while fixed income revenue fell 8 percent.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs' investment bank consumer, retail group head to step downGoldman Sachs Group Inc's global head of the investment bank's consume...
Consulte Mais informação »
Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie saysOil won't be returning to the peak levels it saw last year when global benchmark Brent Crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday.
Consulte Mais informação »
Warren Buffett says Wells Fargo's next CEO 'probably shouldn’t come from JPMorgan or Goldman Sachs'Warren Buffett, Wells Fargo's biggest shareholder, says the bank's next CEO shouldn't be a Wall Street executive.
Consulte Mais informação »
Goldman Sachs says chance of a recession is now just 10%Goldman Sachs economists say Fed policy has reduced the risk of a recession over the next year to just 10% from a previous 20%, at the end of the fourth quarter.
Consulte Mais informação »
Former Goldman Sachs CEO Lloyd Blankfein cracks Twitter joke about bank CEOs being dragged before CongressFormer Goldman Sachs CEO Lloyd Blankfein was happy to be watching from the sidelines this week as CEOs from seven of the country's largest banks appeared before Congress.
Consulte Mais informação »
Morgan Stanley, Goldman Sachs, and all 27 other banks working on Uber's mega-IPORBC Capital Markets, JMP Securities, Raymond James, and others managed to make it on the front page of both Lyft and Uber's coveted 2019 IPOs.
Consulte Mais informação »
Goldman's stock gains as big profit beat helps offset revenue missShares of Goldman Sachs Group Inc. gained 0.5% in premarket trade Monday, after the blue-chip bank reported first-quarter earnings that were well above...
Consulte Mais informação »
Stocks making the biggest moves premarket: Goldman Sachs, CVS, Best Buy, Facebook & moreSome of the names on the move ahead of the open.
Consulte Mais informação »
Here comes Goldman Sachs earnings...Goldman Sachs is scheduled to report first-quarter earnings on Monday.
Consulte Mais informação »
Goldman Sachs is set to report first-quarter earnings — here's what the Street expectsIt's only Goldman Sachs CEO David Solomon's second quarter running the bank, but analysts will have plenty of questions for him.
Consulte Mais informação »