Goldman Sachs 2Q beats Wall Street expectations

NEW YORK -- Goldman Sachs, the world's largest investment bank, says strong asset management and equity underwriting pushed second-quarter profit above Wall Street expectations.

New York-based Goldman Sachs Group Inc. says it earned $2.05 billion, or $4.58 per share, compared with $2.29 billion, or $4.93 per share a year earlier. Revenue fell 7 percent to $9.42 billion from $10.18 billion a year earlier.

Thomson Financial says analysts, on average, forecast earnings of $3.42 per share for the quarter on revenue of $8.74 billion.