(Boursier.com) — Goldman Sachs announced a 48% drop in its profit in the second quarter, in a context of strong market fluctuations and an outlook clouded by tension on rates and soaring inflation at the international level. The group’s net income also slipped 23% to $11.86 billion for the second quarter and profit fell by almost half to $2.8 billion, or $7.73 per share. Asset management penalized the bank, with net income of $1.08 billion, down 79% from the second quarter of 2021.
In contrast, the bank’s trading revenue jumped 32% to $6.47 billion, with fixed rate and commodity brokerage revenue up 55% and equity trading revenue up 11%. This allowed the group to offset the impact suffered by its investment banking activities … What also push the title up 3.7% on Wall Street on Monday, to $ 304.
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