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Goldman Sachs reports 43% profit drop amid plans for historical overhaul as dealmaking drought continues
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Goldman Sachs said on 18 October that profit fell 43% in the third quarter, making it the latest Wall Street player to suffer from a deal-making drought.
The bank said it earned $3.07bn, down from $5.38bn a year ago. Still, per-share earnings of $8.25 exceeded the $7.75 a share expected by analysts polled by FactSet.
Revenue was down 12% to...
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