January 16, 2018 / 3:46 PM / 4 months ago

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

(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.

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

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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