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International Business Times
International Business Times
Business
Ann Resuma

Goldman Sachs Sees $400M Hit To Q3 Revenue, Trading Revenue To Drop 10%

Goldman Sachs David Solomon United States

Goldman Sachs said it expects its pre-tax revenue for the third quarter to be down by $400 million as the investment banking giant continues to unwind its consumer business.

The unloading of its GM Card business, including a separate portfolio of its loans, would weigh on the firm's revenues for the third quarter, CNBC reported citing company's CEO David Solomon.

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