January 16, 2018 / 3:46 PM / a year ago

Goldman's commodities revenue fell 75 percent in 2017 - Bloomberg

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York, U.S. on July 16, 2013. REUTERS/Brendan McDermid/File Photo

(Reuters) - Goldman Sachs Group Inc (GS.N) is expected to report a 75 percent fall in 2017 commodities trading revenue to its lowest on record, hurt by losses in gas and power, Bloomberg News reported on Tuesday.

Goldman's commodities performance is expected to fall behind that of rival Morgan Stanley's (MS.N) results, Bloomberg reported, citing people familiar with the matter. bloom.bg/2DjPNe8

Goldman Sachs reports fourth-quarter results on Wednesday, while Morgan Stanley’s report is due Thursday.

Reporting By Aparajita Saxena in Bengaluru; editing by Sai Sachin Ravikumar

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