Goldman Sachs on Monday reported a hefty jump in its quarterly profits as the company continued its climb out of a self-inflicted morass.
The elite investment bank, which paid dearly for a now-all-but-abandoned attempt to expand into Main Street products like checking accounts, said it took in $3 billion in the second quarter.
Here’s what’s going on at Goldman Sachs — and what it means for the rest of Wall Street.
How is Goldman faring?
The bank made money virtually across its franchise, including in asset management, where Goldman has put its focus in recent months.
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