Goldman Sachs Shares Fall on Earnings-Sustainability Concern
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Goldman Sachs Group Inc. declined in New York trading after first-quarter profit fell 21 percent and analysts said the fifth-biggest U.S. bank relied on unpredictable investment gains to beat estimates.
Goldman Sachs dropped $1.92, or 1.3 percent, to $151.86 in New York Stock Exchange composite trading, the lowest closing price since Oct. 15. Net income slid to $2.74 billion, the New York-based company said today in a statement.