Goldman Sachs profit rises but misses target

By Greg Morcroft

Goldman Sachs Group Inc. said on Tuesday that its second-quarter profit rose to $1.09 billion, or $1.87 a share, from $613 million, or 78 cents a share a year ago. The company reported net revenues of $7.28 billion, including interest income, versus $8.84 billion a year ago. Analysts polled by FactSet Research had expected the company to earn $2.35 a share, or revenue of $8.19 billion.

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