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