Goldman Sachs 2Q earnings beat estimates

Profit at Dow component Goldman Sachs fell by 6 percent in the second quarter as the investment bank was impacted by slower fixed income trading and weakness in debt underwriting.

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The bank reported a profit of $5.81 per share, topping the estimate for $4.89. Revenue of $9.46 billion also topped the estimate for $8.83 billion.

The bank earned a profit of  $5.98 per share during the same period a year ago on revenue of  $9.4 billion.

In this year’s first-quarter, earnings per share came in at $5.71 on revenue of $8.81 billion.

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