Goldman Sachs' profits miss forecasts, trading struggled

New York • Goldman Sachs had a rare miss in its first quarter results, the bank said Tuesday, as its typically best-in-class trading desks did not perform as well as its competitors. The poor results caused the bank’s stock to fall sharply. The New York-based investment bank, which has a sizable presence in Utah, earned $2.16 billion compared with $1.2 billion in the same period a year earlier. On a per-share basis, Goldman Sachs earned $5.15 a share versus $2.68 a share in the same period a yea...

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