Goldman Sachs profit falls in first quarter

Goldman sachs Group Inc's first-quarter profit dropped as the worst three months for dealmaking in more than a decade eroded the Wall Street giant's fees from investment banking, while its consumer unit continued to weigh on results.

Profit fell to $3.09 billion for the three months ended Mar. 31 compared with $3.83 billion a year earlier, while earnings per share slid to $8.79 from $10.76 last year, the bank reported on Tuesday. - Reuters