Goldman Sachs Reports Q1 Earnings Beat, Shares Drop Due to FICC Weakness
Goldman Sachs reported Q1 earnings and revenue that exceeded analyst expectations, but shares fell about 4% due to weak performance in the FICC division. The bank's net revenues rose 14% year-over-year to $17.23 billion, driven by strong equities and investment banking, but FICC revenue declined 10% to $4.01 billion.
Tickers: $GS
Topics: Earnings Equities Trading FICC Investment Banking Stock Performance