rich 1.0 Investment bank Goldman Sachs said its first quarter profits dropped by 56 percent from a year earlier, as the Wall Street firm was not immune from the difficult trading environment last quarter that hurt much of its competition. Goldman earned $1.2 billion, or $2.68 per share, in the first quarter after payments to preferred stockholders. That's down from $2.75 billion, or $5.94 per share, in the same quarter a year earlier. The results beat Wall Street's forecasts. TIME's Top Stories https://audioboom.com/channels/3380207-time-s-top-stories Audioboom https://audioboom.com 480 95 https://audioboom.com/i/21228521/600x600/c 600 600 <iframe width="100%" height="95" src="https://embeds.audioboom.com/posts/4452910/embed?v=202301" style="background-color: transparent; display: block; padding: 0; width: 100%" frameborder="0" allowtransparency="allowtransparency" scrolling="no" title="Audioboom player" allow="autoplay" sandbox="allow-downloads allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>