Goldman Sachs’ Profit Drops 12% in Q2 2012
Goldman Sachs Group posted a 12% profit drop for Q2 2012 due to reduced demand for its investment banking services and poor performance from its proprietary investments. As worries about Europe and the larger economy still loom large, there is no definitive timeframe for Goldman pulling out of its rut. If performance continues to deteriorate, Goldman’s top shareholders may be affected. Check out other reports by Thomson Reuters Ownership Intelligence and follow @ownershipintel on Twitter.