With one-two punch, Goldman Sachs' second-quarter profit takes a dive

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With one-two punch, Goldman Sachs' second-quarter profit takes a dive

Date: 2010-07-20T08:31:17.157
Author: AAA Staff
Editor note: Reporting from New York — Hit by a big government fine and difficult trading conditions, leading Wall Street bank Goldman Sachs Group Inc. has reported a sharply lower profit. The bank announced Tuesday morning that profit in the second quarter of the year was down 86% from the first quarter of 2010 and 84% from the second quarter of 2009 to $613 million, or 0.78 cents a share. The announcement by the company comes just days after it settled a lawsuit with the Securities and Exchange Com
Number of Views: 258

View original artilce: http://www.latimes.com/business/la-fi-goldman-earnings-20100721,0,135720.story

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