Investing.com – Goldman Sachs fell in after-hours trading Monday after CEO David Solomon flagged weakness in the Wall Street bank’s third-quarter trading operations, led by sluggish performance in its bond trading unit.
Trading in fixed income, currencies and commodities (FICC) and equities is down 10% compared to the same period last year, Soloman said on Monday, led by weakness in bond trading, strength in equities and the current macro environment.
Still, with a few weeks to go until the end of the third quarter, Solomon suggested there is still time for the company to turn around.
Goldman Sachs Group Inc (NYSE:) fell more than 1% in after-hours trading following the news.
