Goldman Sachs Group’s quarterly profit fell 6% as trading clients, spooked by trade tensions and interest-rate whiplash, kept their money on the sidelines.
Goldman Sachs Group Inc.’s quarterly profit fell 6% as trading clients, spooked by trade tensions and interest-rate whiplash, kept their money on the sidelines.
The Wall Street bank reported quarterly profits of $2.42 billion, or $5.81 a share, on revenue of $9.46 billion. Both were lower than a year ago, but topped muted expectations of analysts polled by FactSet, who had expected earnings of $1.9 billion, or $4.89 per share, on revenue of $8.8 billion.
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