goldman sachs group incs stock lost ground in premarket trades after the investment banks firstquarter revenue fell short of the consensus estimate while net income beat the wall street forecast the companys latest revenue figure included a previously undisclosed loss of about 470 million from the partial sale of the loan portfolio of its marcus consumerbanking business and the transfer of the remainder of the portfolio to heldforsale goldman sachs gs said its firstquarter earnings fell to 309 billion or 869 a share from 383 billion or 1076 a share in the yearago quarter analysts expected goldman sachs to earn 814 a share on revenue of 1276 billion according to estimates compiled by factset goldmans results came the same day as bank of america corp bacreported strongerthanexpected profit and revenue ceo david solomon said the company turned in a solid performance despite turmoil in the banking sector in march following the collapse of silicon valley bank sivbq and efforts by the banking system to shore up deposits at first republic bank frc the events of the first quarter acted as another reallife stress test demonstrating the resilience of goldman sachs and the nations largest financial institutions solomon said solomon credited goldmans deeply rooted riskmanagement culture strong liquidity and robust capital position for allowing it to support its clients during the quarter fixedincome net revenue fell 17 to 393 billion which reflected lower net revenue in ficc intermediation the business also reported lower net revenues in currencies and commodities partially offset by significantly higher interestrateproduct revenue and higher revenue in mortgages and credit products goldmans 470 million loss from the sale of its marcus loan portfolio was largely offset by a related reserve reduction of about 440 million in its provision for credit losses global banking and market revenue fell 16 to 844 billion investmentbanking fees fell 26 to 158 billion revenue in equities fell 7 to 302 billion asset and wealthmanagement revenue rose 24 to 322 billion prior to tuesdays move goldman sachss stock was down 1 in 2023 compared with an 81 rise by the sp 500  read on bank earnings off to a good start with bank of america and goldman sachs on deck this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal