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Goldman Sachs profit doubles on stronger bond trading

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Reuters
Last Updated : Jul 16 2013 | 5:25 PM IST

REUTERS - Goldman Sachs Group Inc's quarterly profit doubled as the bank made more money trading bonds before an interest-rate spike hit markets in June.

Goldman's net income rose to $1.86 billion, or $3.70 per share, from $927 million, or $1.78 per share, in the same quarter a year earlier.

(Reporting by Lauren Tara LaCapra in New York and Tanya Agrawal in Bangalore; Editing by Ted Kerr)

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First Published: Jul 16 2013 | 5:13 PM IST

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