Despite an earnings beat, Goldman Sachs’ first-quarter results look to be bucking the trend among the major U.S. banks. Investors may blame an underwhelming performance from the groups’ fixed-income trading division.
Goldman Sachs (ticker: GS) reported earnings of $8.78 a share on revenue of $12.22 billion in the first quarter. Analysts surveyed by FactSet had expected earnings of $8.14 a share on revenue of $12.76 billion.
