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Goldman Sachs Traders Lost Money on One Day in First Quarter

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By Christine Harper

May 10 (Bloomberg) -- Goldman Sachs Group Inc., the U.S. bank that makes more than half its revenue from trading, lost money in that business on one day during the first quarter, its best record since posting zero days of losses a year ago.
After losing money on 13 days in the fourth quarter, Goldman Sachs’s traders lost between $25 million and $50 million on one occasion in the first quarter, according to the New York- based firm’s quarterly filing with the Securities and Exchange Commission. They generated more than $100 million on 32 days out of 62 total days, the filing showed.
Goldman Sachs’s performance beats Morgan Stanley, whose traders lost money on three days and made more than $100 million on 10 days, according to a filing yesterday. It falls short of JPMorgan Chase & Co. and Bank of America Corp., which both reported zero days of losses in the quarter.