Goldman Sachs’ net income declined from $1.09 bn down to $0.96 bn in Q2 2012. This is a 11% decline. The result looks surprising to most analysts. According to Bloomberg, the analysts had anticipated a decline down to $1.18 per share.
According to Lloyd Blankfein, who has been the CEO of Goldman Sachs over the last 6 years, the income decline is just a temporary reaction to the global financial instability and the eurozone crisis. He says the banks keeps sticking to its main strategy, which implies investing in emerging markets.
According to , it is strange that amid the global instability and volatile markets, such companies as Goldman Sachs do not make any changes to their investment strategies and do nothing to cut their losses.
Yesterdays, Goldman Sachs’ stock appreciated up to $97.68 per share. This is the 8% growth since early 2012.
