Goldman Sachs Sees Soft Third Quarter
Goldman Sachs expects slightly softer third-quarter revenue in its fixed income and investment banking divisions. Chief Executive David Solomon also pointed to higher technology and transaction expenses during the conference.
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GOLDMAN SACHS GROUP INC expects third-quarter fixed-income, currencies and commodities revenue to soften, driving shares down nearly 4%. Chief Executive David Solomon cited a more muted investment banking line amid higher transaction and technology expenses. The pullback follows a record equities performance driven by market volatility linked to the conflict involving Iran and the United States economy.
