Goldman Sachs revenue slumps to lowest in more than four years

April 19, 2016 2:58 PM

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Goldman Sachs revenue slumps to lowest in more than four years

Goldman Sachs Group Inc's (GS.N) quarterly profit fell by more than half and revenue slumped to its lowest in more than four years as market volatility hit the Wall Street bank's bond trading and investment banking businesses.

Goldman, wrapping up a dismal quarter for big U.S. banks, reported a 40 percent drop in net revenue, reflecting declines in all of its main businesses.

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