Goldman Sachs’ Profit Drops in 2nd Quarter
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Reuters
Goldman Sachs Group Inc. said that fiscal second-quarter earnings slipped in the weak stock market, but that strength in the Wall Street firm’s merger business helped it top most rivals’ results.
Goldman reported net income of $563 million, or $1.06 a share, beating analysts’ estimates of 98 cents a share. A year earlier, it posted earnings of $577 million, or $1.06.
Goldman shares were off $1.75 at $72.70 on the NYSE.
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