Goldman Sachs' Q2 Profits Plunge Amid Real Estate Hits and Banking Slump
Goldman Sachs reported second quarter earnings per common share of $3.08 and an annualized return on common equity of 4.0%. The results were impacted by selected items related to the execution of strategic goals, which reduced earnings per share by $3.95 and annualized return on equity by 5.2 percentage points. The firm highlighted solid returns in Global Banking & Markets and record revenues in Asset & Wealth Management.