Goldman Sachs profit hit by weak bond trading

October 15, 2015 11:45 AM

32 0

Goldman Sachs profit hit by weak bond trading

Goldman Sachs Group Inc (GS.N) reported a drop in profit for the second straight quarter as market turmoil stemming from concerns about global growth discouraged bond trading and added to uncertainty about the timing of a U.S. interest rate hike.

The Wall Street bank said its net income applicable to common shareholders fell to $1.33 billion, or $2.90 per share, in the third quarter ended Sept. 30, from $2.14 billion, or $4.57 per share, a year earlier. (bit.ly/1OEqKQi)

Also read: Swiss to issue bonds with face value of just over 4 bln Sfr in 2017

Read more

To category page

Loading...