Goldman Shares Fall as Bond Trading Miss Outweighs Equity Record

Goldman Sachs Group Inc.’s surprise drop in bond- and rates-trading revenue cast a shadow over another record quarter from the bank’s equities team, prompting Chief Executive Officer David Solomon to point the finger at analysts for setting the bar so high.

“A lot of this has to do with expectations that are set in the research community,” Solomon said Monday on a conference call with analysts. “It was the 10th-best FICC quarter ever.”