Credit: Reuters/Lucas Jackson
The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange, September 11, 2013.
The fifth-largest U.S. bank by assets reported a third-quarter profit of $1.43 billion, or $2.88 per share. This compared with a profit of $1.46 billion, or $2.85 per share, a year earlier.
Goldman increased its quarterly dividend to 55 cents per share from 50.
Fixed-income trading was muted for several weeks leading up to the Federal Reserve's meeting in mid-September amid speculation that the central bank was about to start winding down its bond-buying stimulus program.
(Reporting by Lauren Tara LaCapra in New York and Tanya Agrawal in Bangalore; Editing by Ted Kerr)
Posted by Unknown on Thursday, October 17, 2013 - Rating: 4.5
Thank You for Visiting Goldman Sachs profit falls two percent as trading revenue slumps.
0 comments "Goldman Sachs profit falls two percent as trading revenue slumps"
Post a Comment