ALBAWABA - Goldman Sachs' profits for the first quarter of this year fell to $3.087 billion, a 19 percent plunge from the corresponding period in 2022.
Financial results released on Tuesday showed that the bank's earnings per share also dropped to $8.79 from $10.76 last year.
Goldman Sachs' revenues were estimated at $12.22 billion, down 5 percent from last year's $12.88 billion.
The U.S. investment bank recorded a loss of $470 million in its private banking and lending division, which was impacted by the partial sale of the Marcus by Goldman Sachs personal loan portfolio.
