Goldman Sachs profits take a dive

By Agence France-Presse

Jul 21, 2023 12:12 am

NEW YORK CITY: Goldman Sachs reported a dive in profits on Wednesday on weak merger and acquisition activity, but shares rallied as executives said an improvement could be near.

While Chief Executive David Solomon described the second quarter as a 'tough' period, he said on a conference call with analysts that 'the environment feels better' in regards to market sentiment.

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