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Goldman Sachs had a lousy first quarter, but Wall Street isnât as troubled as it seems. April 19, 2016 1:44 p.m. Big U.S. banks have just passed a real-life stress test. Goldman Sachs on Tuesday capped big-bank earnings releases with a lousy performance. First-quarter revenue fell 40% from a year earlier, net profit plunged 56% and the firmâs return on equity was an anemic 6.4%. And while Goldmanâs numbers were bad, none of its peersâJ.P.