Goldman profit hit by real estate markdowns, dealmaking slump
The firm's earnings fell 58% during the second quarter, while its return on equity slid to 4% — the worst among top US banks.
Goldman Sachs Group Inc.’s profit plunged as the Wall Street giant notched one of its weakest quarters under Chief Executive David Solomon.
Second-quarter earnings fell 58% on an investment banking slump, real estate markdowns and a goodwill write-down in the consumer business, which houses the
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