Goldman Profits Dive 83%
Investors skittish as post-crisis special conditions evaporate
By Jane Yager,  Newser Staff
Posted Jul 21, 2010 2:23 AM CDT
Updated Jul 21, 2010 5:54 AM CDT
Goldman Sachs CEO Lloyd Blankfein, left, and company president Gary Cohn look flustered.   (AP Photo/Richard Drew, File)

(Newser) – Goldman Sachs fell short of analysts' estimates yesterday, posting an eye-popping 83% second-quarter drop in net income. Profits fell to $453 million, or 78 cents a share. Goldman executives said the fall in profit came as the exceptional trading conditions following the 2008 financial crisis evaporated, and investors remained pessimistic about the world's economies, CNN reports.

 

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