Tuesday, April 17, 2012

Goldman's Results Beat Expectations (Despite 23% Profit Drop)


Goldman Sachs Group Inc. beat profit expectations as revenue fell less than feared from a year ago and activity rebounded from the fourth quarter, but first-quarter results show the toll choppy markets have taken on the firm's operations the Wall St Journal reports..

Nearly all of Goldman's businesses contracted compared to the beginning of last year. The two exceptions: financial advisory, which rose 37% in the first quarter, and stock trading for clients, which rose 7%.....

More?  Check out http://online.wsj.com/article/SB10001424052702304432704577349443286312130.html?mod=WSJ_hp_LEFTTopStories

No comments:

Post a Comment