Goldman’s Traders Ride To Rescue, Offsetting Massive Loss In Investment Arm

"Our quarterly profitability was inevitably affected by the economic dislocation", David Solomon said Wednesday, as Goldman reported earnings for the first quarter alongside Bank of America and Citi. Happily, Goldman managed to escape with just a 0.8% decline in net revenue, which came in at $8.74 billion for the first quarter - so, basically unchanged YoY, although down 12% from Q4. That topline figure is a solid beat to consensus ($7.84 billion) and near the top-end of the range ($4.92 billio