Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant

Goldman Sachs saw its third-quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm. The bank also saw a notable rise in expenses in the quarter, as the bank had to write down its investment in lending platform GreenSky as well as its real estate investments. The New York-based firm had earnings of $2.06 billion, or $5.47 a share, down from a profit of $3.07 billion, or $8.25 a share, in the same period a year ago.