Goldman Sachs has reported a 47 per cent drop in second-quarter profits, as the Wall Street giant suffered from a slowdown in investment banking fees and plummeting revenues in asset management.
In second-quarter earnings, Goldman reported on Monday net income of $2.9bn or $7.73 per share, down from $5.5bn or $15.02 per share in the same period last year. This was still ahead of analysts’ estimates for $2.6bn or $6.65 per share, according to consensus data compiled by Bloomberg.
www.ft.com/content/5c0c341f-6a02-4996-9b6c-e927e69273ea?shareType=nongift
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