Goldman Sachs (NYSE: GS) has a strong history of beating analysts’ expectations. In fact, since it went public nearly 20 years ago, the investment bank has beaten expectations 90% of the time, and it hasn’t reported an earnings miss since late 2015. So when Goldman Sachs reported first-quarter earnings that failed to meet expectations, it was quite a surprise to investors. The stock dropped by 5% following the report, and it is now trading at its lowest level since November 2016.