Goldman Sachs profit halves on higher loan loss provisions, investment hit

Earnings per share fell to $3.11 from $5.71 a year earlier. “Our quarterly profitability was inevitably affected by the economic dislocation,” said Goldman Chief Executive Officer David Solomon. Under Solomon, Goldman has been attempting to reduce its reliance on its flagship trading business and build out its consumer bank, although trading made a comeback this quarter. …read more

Source:: Yahoo Finance

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