19.04.2016 - Goldman Sachs profit fell by 60%

Goldman Sachs Group announced reduction of net income for the 1st quarter of this year to 1.14 billion dollars, compared with 2.84 billion dollars in the same quarter last year. Revenue fell by 40% to 6.34 billion dollars against 10.62 a year earlier. The average forecast for revenue was at the level of 6.73 billion dollars. Revenues from trading operations decreased by 37% to 3.44 billion against 5.46 billion in the 1st quarter of 2015. The reason for the deterioration of the conditions has become unfavorable financial performance of the financial markets at the beginning of this year. According to our estimates, the situation will be more stable in the coming quarters and the company's financial performance will improve. We expect growth in the company's shares in the medium term, but we can see them fall by 10-12% in the coming months.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.