FILE PHOTO: The ticker image and brand for Goldman Sachs is displayed on a display screen on the ground on the New York Inventory Alternate (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid

(Reuters) – Goldman Sachs Group Inc reported a 20 % drop in quarterly revenue on Monday as equities and bond buying and selling fell because of low market volatility.

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The financial institution’s web earnings attributable to frequent shareholders fell to $2.18 billion, or $5.71 per share, within the first quarter ended March 31, from $2.74 billion, or $6.95 per share, a 12 months in the past.

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Analysts have been searching for a revenue of $4.89 per share, in response to IBES information from Refinitiv, though it was not clear if that quantity was comparable with reported numbers.

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Reporting By Aparajita Saxena in Bengaluru; Enhancing by Saumyadeb Chakrabarty

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