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Goldman Sachs reports lower profit in 2017 Q2

Goldman Sachs reports lower profit in 2017 Q2

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Image result for Goldman SachsTrading in Bonds in the US market declined by about 40% forcing Goldman Sachs to report lower profit for the second quarter of 2017.

Bonds are fixed income investments floated by companies and governments.

Goldman Sachs, a major investment bank in the U.S. economy, posted profits of $1.83 billion down from $2.2 billion reported in the first quarter of 2017.

The company’s CEO, Lloyd Blankfield said mixed environment continued to affect operations.

The commodities business of the group dropped significantly.

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