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Goldman earnings take big hit

csrcsr

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csrcsr

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Goldman Sachs posted its lowest net earnings in four years today. Profits fell 58% from a year ago.

"This was a meaningful quarter of putting some things that we strategically decided to do behind us," CEO David Solomon told analysts on today's earnings call.

Along with showing the second worst yoy drops in both trading and investment banking amongst the big banks, Goldman also took nearly a billion in charges related to consumer platforms (GreenSky) and commercial real estate holdings.

"I feel very, very good about the strategic decisions that we're making," he added.
 

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