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Jim Cramer's Breaking Down Goldman Sachs, Citigroup, Huawei and Apple

Katherine Ross

posted better-than-expected results for the first quarter as a steep cut in the U.S. bank's effective corporate tax rate helped to offset a fall in stock-trading revenue, wrote TheStreet's Bradley Keoun. Earnings per share were $1.87, beating Wall Street analysts' average estimate of $1.80. said first-quarter profit fell less than expected, as fees from advising on mergers and acquisitions helped to mitigate an abysmal performance from the Wall Street bank's juggernaut trading business, wrote Keoun.