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October 23, 2021

Goldman Sachs profit fell by 72 pc

The American investment bank Goldman Sachs reported, in the first quarter, USD 908 M-earnings (USD 1.56/ share), dropping by 72 pc compared to the same interval last year, in the context of a slump in earnings from trading activities, HotNews.ro reports. In the first three months of 2010, US’s leading investment bank reported an USD 3.3 bln-profit (USD 5.59/share). Analysts estimated earnings of USD 0.82/ share for Goldman Sachs. The investment bank’s results were affected, also, by the redemption of a preferential share package from the investment fund Berkshire Hathway, controlled by Warren Buffet, for USD 5 bln. The operation led to the payment of a special dividend of USD 1.64 bln.

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