Why Goldman Sachs Pulled Back Today
Shares of leading investment bank Goldman Sachs (NYSE: GS) fell as much as 4.7% on Monday, before recovering somewhat to a 1.9% decline on the day.
Goldman delivered what appeared to be a solid earnings beat. However, there were a few key performance indicators (KPIs) that might have given some investors reasoned to be concerned.
In the first quarter, Goldman delivered a 14.4% revenue growth to $17.23 billion, with earnings per share up 24.3% to $17.55. Both figures handily beat expectations, especially the EPS figure, which beat by $1.16.
Source Fool.com
