(AOF) – Goldman Sachs unveiled sharply lower results in the second quarter due to the sharp decline in its activity in the primary markets. Over this period, the famous American investment bank recorded a net profit group share down 48% to 3.79 billion dollars, or 7.73 dollars per share. As is traditional for Goldman Sachs, the FactSet consensus is a far cry from reality at $6.56. Goldman Sachs’ revenue fell 23% to $11.86 billion, but it beat Wall Street’s forecast of $10.78 billion.
It faced a 41% drop in revenue from its investment banking business to $2.14 billion. Its trades in the primary equity and debt markets saw revenues drop 89% to $131 million and 52% to $457 million, respectively.
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