Goldman Sachs profit falls sharply in latest quarter but still tops analyst estimates
Goldman Sachs Group Inc. reported a lower third-quarter profit but managed to beat reduced earnings expectations on Tuesday.
Chief Executive David Solomon said the bank continues to make progress on its efforts to realign its business such as the recent sale of its GreenSky consumer lending unit. Goldman Sachs stock holds the distinction of being the only big U.S. bank with a positive performance in the third quarter, with a slim 0.3% gain.
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