Goldman Sachs Group Inc, Citigroup Inc Earnings Impacted By Legal Costs

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Goldman Sachs Group Inc, Citigroup Inc Earnings Impacted By Legal Costs

Goldman Sachs and Citigroup released their second quarter earnings reports before opening bell this morning, with the former seeing a negative impact from legal costs and the latter seeing legal costs fall year over year.

Goldman Sachs posted earnings of $1.98 per share, but that includes litigation expenses of $2.77 per share. Analysts had been expecting earnings of $3.84 per share. The firm’s revenue came in at $9.07 billion, compared to the consensus estimate of $8.78 billion and last year’s $9.13 billion.

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