Big bank beats estimates thanks to pick up in markets.
The bank, the second-largest in the United States after JPMorgan Chase, swung to a profit in the second quarter, helped by lower expenses and better results in its mortgage business.
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Goldman Sachs said quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money. ||| Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates,...
Bank of America on Thursday reported a widely expected 63 percent drop in fourth-quarter profit after settling legal claims over its mortgage business. The bank earned 3 cents a share, narrowly beating estimates.