Goldman’s profit collapsed in Q2 due to GreenSky’s write-down, deal contraction

July 19 (Reuters) – Banking group Goldman Sachs Group’s second-quarter profit fell more than 60% as the Wall Street giant wrote off $504m related to its GreenSky unit and investment banking was hit by a decline in deal volume.

The U.S. bank posted earnings of $1.07 billion, or $3.08 a share, on Wednesday, compared with $2.79 billion, or $7.73 a share, a year earlier.

The original message in English is available under the code:

(Niket Nishant and Noor Zainab Hussain in Bangalore and Saeed Azhar in New York)


Add a Comment