Q12016 - Goldman Sucks?

Revenue last quarter was $6.34B; weakest since Q4 2011 and you have to go back to 2004 to find a lower start-of-year total $5.93B.

2016 Q1 Yoy revenue from: investment banking -23%; financial advisory -20%; investment mgmt -15%;  underwriting -27%; equity underwriting -66%; trading - 37% (last year +46%);  debt, currency and commodities (FICC) trading -47% (last year +10%); investments in private and public equities -95%. 

Yoy stock price -18%; headcount +6%; employee pay and benefits -40%, aw those poor bankers and finally, drum roll please... NET EARNINGS -60% and OVERALL REVENUE -40%.

On this scintillating news this AM all commercial banks stocks are all up and GS +2%, HOORAY!!  

Above note, what a nasty looking chart, the top six banks Yoy Q1 - The really good news? Since banks typically generate at least 33% of their annual revenue during Q1, it is typically the strongest for investment banks. Oh boy!