15-10-2015 13:55 via news.yahoo.com

Goldman Sachs profit hit by weak bond trading

(Reuters) - Goldman Sachs Group Inc reported a sharp drop in profit for the second straight quarter as bond trading revenue fell by a third amid turmoil stemming from concerns about global growth. "We experienced lower levels of activity and declining asset prices during the quarter, reflecting renewed concerns about global economic growth," CEO Lloyd Blankfein said in a statement released along with the results on the company's website. Goldman joins JPMorgan Chase & Co and Bank of America
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