NEW YORK: Shares in Goldman Sachs Group fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.
The share decline put Goldman on course for its worst single-day showing since June 2020, shedding about $10 billion off its market valuation since Friday's close, although it recovered to trade down 6.5% towards the close.
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