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Goldman Earnings Plunge 55% In Worst Quarter Since 2011; Average Compensation Crashes
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 04/19/2016 07:57 -0400
There was some hope that after a better than expected result from JPM and, to a lesser extent MS and WFC, that Goldman would surprise to the upside. That did not happen even though the company moments ago reported EPS of $2.68 beating expectations of $2.48, which nonetheless was a 55% plunge in earnings from a year ago.
But the real story was in the company’s revenue which printing at $6.4 billion was not only a huge miss to expectations of $6.7 billion, but a massive slide of 40% from Q1 2015 driven by top-line weakness across the board. This was the worst revenue quarter for Goldman since Q4 2011.
The post Goldman Earnings Plunge 55% In Worst Quarter Since 2011; Average Compensation Crashes appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/19/goldman-earnings-plunge-55-in-worst-quarter-since-2011-average-compensation-crashes/
