Goldman’s earnings were the most disappointing ever for investors

Goldman Sachs Group Inc.’s stock plunged Tuesday, after the banker shocked investors with its most disappointing quarterly results since it went public 18 years ago.

Goldman has now released 72 quarterly earnings reports since its initial public offering on May 4, 1999. After the previous 71 reports, the stock fell on the day results were released 46 times, by an average of 1.9%, according to an analysis of data provided by Goldman and FactSet. The average gain for the 25 times the stock rose was 3.6%.

Before Tuesday’s open, Goldman reported first-quarter profit and sales that missed expectations, as trading revenue fell.

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