Goldman Sachs Misses on 2Q FICC Sales, Trading Revenue

Goldman Sachs experienced a mixed financial performance, with a top-line beat but a significant bottom-line miss. Challenges arose from a $1.2 billion hit in asset management due to commercial real estate issues and a goodwill charge related to Green Sky. Despite these setbacks, Goldman Sachs excelled in equities trading, outperforming Morgan Stanley for the third consecutive quarter. The company's future strategy and potential turnaround in trading and investment banking are crucial for the rest of the year.

What significant financial hit did Goldman Sachs's asset management unit experience?

What challenges is Goldman Sachs facing in their commercial real estate portfolio?

What strategic options has Goldman Sachs announced regarding their business?

How did Goldman Sachs's equities trading performance compare to Morgan Stanley?

What are the implications of the financial results for Goldman Sachs's future performance?