By Saeed Azhar
TORONTO (Reuters) – Goldman Sachs’ buying and selling income will in all probability slip 10% within the third quarter due to sluggish circumstances final month, its CEO David Solomon mentioned on Monday.
Given “a more difficult macro setting, notably within the month of August, that enterprise is trending down near 10%,” Solomon advised buyers at a monetary convention in New York.
The Wall Road large’s revenue greater than doubled within the second quarter as dealmaking rebounded, with debt underwriting and fixed-income buying and selling performing notably effectively.
