Goldman Profit Falls 21%, But Results Top Views


Goldman Sachs Group Inc (NYSE:GS) posted a 72% decrease in first-quarter profit as it made less money from trading bonds for clients.

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The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 a share, compared with $3.3 billion, or $5.59 a share, in the same quarter a year ago.

Results in latest quarter were also hit by the bank buying back $5 billion of preferred shares from Warren Buffett's Berkshire Hathaway.