Goldman Posts Flat Second-Quarter Profit

Goldman Sachs Group Inc.’s quarterly profit held steady from a year ago, bucking larger commercial banks that saw earnings plummet as the coronavirus tore through the U.S. economy.

The bank’s profit of $2.4 billion, or $6.26 per share, was far better than expected and reflects a flood of corporate fundraising and torrid trading markets, offset slightly by higher reserves for expected loan defaults in what is expected to be a sustained and deep recession. Quarterly revenue was the second-highest on record at $13.3 billion,...

Proving, once again, the rich are getting richer! Meanwhile, back in everyone else’s reality... Disgusting

It also recieved a bail out

Curious how “trading” made money. That would imply there are a lot of losers on the other side of those trades. This industry is a license to steal from investors.

So while working class people suffer Wall Street got taxpayer money again so the wealthiest could take advantage of the pandemic caused bubble. Our entire 20+ trillion debt is basically owed to us by war & Goldman stealing from working class Americans. wsj distracts for dc & ny

And how much money did they get from the government?

The King stays King 👑

Shocker, the WSJ incorrectly reporting! Pathetic

It's embarrassing to see American government prop up a failing stock market not because we have jobs and a gross domestic product but because we have a president in office trying to trick the world into thinking we have a stable economy when in fact we don't

Oh well that's a little less impressive.

Good thing that Prop trading is no longer a regulatory issue.

We know where all our tax dollars went.

Again with a”conservative” est. of 1/3 of the country in a fast tract 2 the bottom. A “finance” company made a profit. Gee! Wonder how all those small businesses think about that as they go belly up.

Look over your shoulder to the financial crisis during Bush/Cheney. Goldman Sachs helped cripple the world.

Fathomed

gamblers greed.......... investing?........ shorting...........

Is that what it showed you 😳😳😳!!!? Why don’t you give some of the 22bill to people that are going through very serious things because of your friends in power!! 😬my fault!!🤷🏽‍♀️ I forget 🤦🏾‍♀️all of you are the 💩💩💩’s

Investment banks probably want pandemics and mass unemployment to occur more often. Good for business.

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