Goldman Sachs CEO David Solomon instructed CNBC on Wednesday that his agency suffered an upsetting quarter partly because of its overly formidable client efforts. “We clearly had a disappointing quarter, and we tried to personal that, you realize, up entrance,” Solomon stated Wednesday on CNBC’s “Squawk Field” on the World Financial Discussion board in Davos, Switzerland. The New York-based funding financial institution on Tuesday posted its largest earnings miss in a decade as income fell and bills and mortgage loss provisions got here in larger than anticipated. Goldman stated quarterly revenue plunged 66% from a yr earlier to $1.33 billion, or $3.32 per share, about 39% under the consensus estimate. That…
