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Diluted earnings per share for the three months ended on June 30 dropped by 60% to $3.08, under Refinitiv projections of $3.18. Total net revenue, meanwhile, fell by over 8% to $10.89 billion, although this still managed to top estimates of $10.66B.
Shares in Goldman edged lower in premarket trading on Wednesday.
Chief executive David Solomon and other members of Goldman’s management team had already flagged that this would be a challenging quarter, fueling debate among analysts over how bad the earnings would be for one of Wall Street’s most powerful banks.
