Why Goldman's Long-Term Quarterly Results Could Look A Lot Like Those For Q1

Goldman Sachs reported notably poor results for the first quarter of the year on Tuesday, April 19th, as the premier investment bank witnessed a sharp year-on-year reduction in revenues for each of its operating divisions.  Although the top line figure shrank more than what investors estimated for the period, Goldman managed to beat earnings estimates by slashing compensation expenses by a steep 40% year on year — allowing it to report an almost 30% reduction in total operating costs.