Goldman Sachs Falls 36% As Bank Of America Notches Earnings Beat

Key Takeaways

• Goldman Sachs profits drops 36% as dearth of dealmaking continues to weigh on investment banking
• Bank of America notches earnings beat with 10% jump in profits, though the company continues to hold substantial unrealized losses on debt assets

Goldman Sachs and Bank of America have announced a markedly opposite set of financial results as the run of bank earnings calls continues.

Bank of America stock jumped on the announcement of the winnings numbers, while Goldman Sachs understandably fell on news of the 36% drop in profits.