Goldman Sachs Profit Falls Less Than Expected but Shares Tumble [TheStreet.com]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: TheStreet.com
Goldman Sachs Profit Falls Less Than Expected but Shares Tumble Goldman Sachs Group ( GS Get Report But the Wall Street firm's shares tumbled after analysts said the outperformance was driven by accounting decisions that might not be repeated in future quarters, including a low tax rate and less-than-estimated compensation costs. Net income fell by 21% from a year earlier to $2.25 billion, the New York-based bank said Monday in a press release. per share were $5.71, beating Wall Street analysts' average estimate of $4.89. Investment-banking fees climbed 1% from a year earlier to $1.81 billion, though revenue from trading bonds, commodities and currencies declined by 11% to $1.84 billion, and stock-trading revenue tumbled 24% to $1.77 billion. "We are pleased with our performance in the first quarter, especially in the context of a muted start to the year," CEO David Solomon said in the press release. The trading decline stemmed from lower revenue in government bonds, corporate bonds,
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SF
Earnings
- 1/24/24 - Beat
SF
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form SC
- 3/28/24 - Form 8-K
- SF's page on the SEC website