Goldman Profits Dive 83%

Investors skittish as post-crisis special conditions evaporate
Posted Jul 21, 2010 2:23 AM CDT
Updated Jul 21, 2010 5:54 AM CDT
Goldman Profits Dive 83%
Goldman Sachs CEO Lloyd Blankfein, left, and company president Gary Cohn look flustered.   (AP Photo/Richard Drew, File)

Goldman Sachs fell short of analysts' estimates yesterday, posting an eye-popping 83% second-quarter drop in net income. Profits fell to $453 million, or 78 cents a share. Goldman executives said the fall in profit came as the exceptional trading conditions following the 2008 financial crisis evaporated, and investors remained pessimistic about the world's economies, CNN reports.
(More Goldman Sachs stories.)

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