Goldman Sachs Group Inc. (GS), which generated about half its revenue from trading last quarter, posted losses from that business on two days in the first three months of 2013, compared with one day a year earlier. The bank’s traders made more than $100 million on 17 days in the quarter ended March 31, compared with 24 days in the year-earlier period, the New York-based company said in a regulatory filing today. The bank generated $5.22 billion from its trading division in the first quarter of 2013, excluding accounting charges, a 12 percent declined from the year-earlier period. About $230 million of that revenue came from a reinsurance business the firm sold a majority stake in this month. Clients were “more active really in the first month of the quarter and then it slowed down a bit in March,� Chief Financial Officer Harvey Schwartz said last month. “As issues started to come back more on to front screens as it relates to issues in Europe, clients obviously pulled back toward the end of the quarter.� JPMorgan Chase & Co. and Bank of America Corp. (BAC) had perfect trading records in the first quarter, making money on every day of the period, while Morgan Stanley posted losses in eight sessions. Citigroup Inc. doesn’t disclose money-losing days. To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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