Goldman Sachs Bogged Down By Big Legal Bills In Q2

Regulatory probes and the lawyer fees that come with them were a significant drag for Goldman Sachs (GS) in the second quarter, offsetting strong advisory fees. The New York-based investment banking giant earned $1.05 billion, or $1.98 a share, in Q2. But excluding $1.45 billion, or $2.77 a share, set aside for "mortgage-related litigation and regulatory matters," Goldman earned $4.75 a share, beating by 86 cents. Revenue fell 0.6% to $9.1

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