Goldman Sachs GS 1.49%increase; green up pointing triangle reported significantly lower profit for the second quarter, hurt by write-downs in its consumer and asset-management businesses.
The bank on Wednesday said quarterly profit was $1.22 billion, down 58% from a year ago.
That amounted to $3.08 per share, which missed the $3.16 per share expected by analysts polled by FactSet.
Revenue was $10.9 billion, down 8% from a year ago. That still beat the $10.61 billion expected by analysts.
Source:
WSJ