Back to Search Start Over

Goldman's net slumps 40%: trading takes a hit as bank parks cash while pivoting for Dodd-Frank

Authors :
Rappaport, Liz
Source :
Wall Street Journal. Europe. Oct 20, 2010, A19
Publication Year :
2010

Abstract

Goldman Sachs Group Inc.'s second-quarter profit fell 40% to $1.9 billion, while revenue dropped 28% to $8.9 billion from $12.37 billion a year ago. Net revenue from Goldman's investment-banking operations rose 24% to $1.12 billion.

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.239892846