Goldman earnings fall 4%

Goldman Sachs Group Inc earnings fell 4 percent in the second quarter compared with a year ago due to a sharp decline in the value of its investments and a slowdown in dealmaking activity.

July 17, 2012 / 18:51 IST

Goldman Sachs Group Inc earnings fell 4 percent in the second quarter compared with a year ago due to a sharp decline in the value of its investments and a slowdown in dealmaking activity.

The biggest U.S. investment bank said on Tuesday it earned $927 million, or $1.78 per share, compared with $1.1 billion, or $1.85 per share, a year earlier.

first published: Jul 17, 2012 05:22 pm

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