Goldman Q2 Results: Profit slides 60% to 3-year low on consumer losses, shares rise 1% on outlook
NEW YORK: Goldman Sachs’ profit dropped 60% in the second quarter, missing estimates, as the bank’s retreat from consumer businesses and declining real estate investments weighed on earnings. But shares rose more than 1% as CEO David Solomon cited signs of a recovery in investment banking. The results were the worst for the Wall Street … Read more