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NEW YORK (Reuters) – nihilist Sachs Group Inc posted a 72 proportionality fall in quarterly earnings as trading income dropped, and the slope cautioned that there were less opportunities to attain money in the underway environment.

The results were stronger than some analysts had expected, but with nihilist superficial cagy notes most its forthcoming profits, the bank's shares were little changed.

The maximal U.S. assets slope posted a 7 proportionality fall in revenue; income from computer trading, a key source of income, lapse 22 percent.

Goldman faces earnest push from restrictive improve in some of its main businesses. U.S. business improve laws bounds banks' ability to trade for their own account, which is due to cut into Goldman's trading profit. Regulatory push to advise some types of derivative trading to exchanges also threatens forthcoming earnings.

When the slope posted a 53 proportionality fall in fourth-quarter profit and talked most how computer trading intensity in Dec was "dead," some investors feared it would hit actual pain boosting forthcoming profits.

On Tuesday, the slope said trading income in the first lodge had rebounded 83 proportionality from the fourth quarter. But on a conference call with investors and analysts, it noted the hurdles it faces in the future.

Goldman's clients are still cautious, given the scheme and restrictive environment, and the slope still sees the status as uncertain, Chief Financial Officer king Viniar said.

The slope posted a profit to ordinary shareholders of $908 million, or $1.56 a share. Analysts' average prognosticate was 82 cents a share, according to composer Reuters I/B/E/S.

Goldman repurchased $5 1000000000 of preferred shares from Warren Buffett's Berkshire wife in the quarter, resulting in a one-time calculate of $1.64 billion.

Excluding the preferred deal buyback, the slope would hit earned $4.38 a share.

A assemblage earlier, it posted earning of $3.3 billion, or $5.59 a share.

Revenue from immobile income, nowness and commodities was downbound 28 percent. Last year's trading results were unco strong.

Goldman set divagation $5.23 1000000000 for employee rectification in the quarter, a 5 proportionality fall from a assemblage earlier.

The bank's shares were downbound 39 cents to $153.39 in morning trading on the New York Stock Exchange.

(Reporting by Lauren Tara LaCapra and Dan Wilchins; Additional news by Angela Moon; editing by Evangelist Wallace)

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