US bank Goldman Sachs posts $3.44 bln profit
AP News ( 2009-07-14 19:54:26 )
US banking giant Goldman Sachs on Tuesday posted a net profit of 3.44 billion dollars in the second quarter, widely topping market expectations for profit and revenue.
Revenues amounted to 13.76 billion dollars in the second quarter, the Wall Street company said.
"While markets remain fragile and we recognize the challenges the broader economy faces, our second-quarter results reflected the combination of improving financial market conditions and a deep and diverse client franchise," Lloyd Blankfein, Goldman's chairman and chief executive, said in a statement.
Copyright 2009 AFP American Edition
