Goldman Sachs on Thursday delivered quarterly earnings and revenue that fell short of analysts' expectations, as market turmoil stemming from concerns about global growth discouraged bond trading and added to uncertainty about the timing of a U.S. interest rate hike.
Goldman share prices fell more than 1.5 percent in early trading following the report. (Get the latest quote here.)
The Wall Street bank said net income dropped to $1.33 billion, or $2.90 per share, in the third quarter ended Sept. 30, from $2.14 billion, or $4.57 per share, a year earlier.
Revenue fell to $6.86 billion from $8.39 billion a year ago.