Mixed results for US players 21 July 2010New York Reporter: Ben Wilkie
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A trio of the world's largest financial institutions have announced their figures for the second quarter of 2010.
The Goldman Sachs group has announced revenue of $8.84 billion with net earnings of $613 million for the second quarter of 2010. Earnings per share were $0.78, a significant reduction on earnings for the same period last year, where the figure was $4.93.
Meanwhile, State Street's earnings per share for the second quarter were also down, at $0.87 compared to $0.99 in the first quarter.
There was better news from Bank of New York Mellon, which announced its second quarter income per share was up to 0.55 per share, an increase on both the first quarter figure of $0.49 and the same period last year, where earnings were $0.23.
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