NEW YORK -
Goldman Sachs says its net income fell 11 percent in the April-to-June period after the investment bank's clients made fewer deals and avoided volatility in global financial markets.
The New York bank said its net income fell to $962 million, or $1.78 per share, for the quarter. That compares with $1.09 billion, or $1.85 per share, a year ago. It's also far more than the $1.17 per share that analysts were expecting.
"During the second quarter, market conditions deteriorated and activity levels for both corporate and investing clients were lower given continued instability in
Europe and concerns about global growth," Goldman's CEO,
Lloyd Blankfein, said in a statement.
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