Goldman Sachs’s Belt Tightening Helps Boost Profit by 74%: Chart

Goldman Sachs Profit Jumps 74% on Bond Trading

Wall Street continues to tighten its belt and Goldman Sachs Group Inc. is no exception. The New York-based bank said second-quarter expenses fell 26 percent to $5.47 billion, falling short of the $5.34 billion projected by analysts. Declining legal and compensation costs helped the bank post a 74 percent increase in second-quarter profit.