Goldman Sachs CEO Solomon Signals Weakness in Commercial Business; shares stem from Investing.com

Investing.com — Goldman Sachs fell in after-hours trading on Monday after CEO David Solomon signaled weakness in the Wall Street bank’s Q3 trading activity, led by sluggish performance in its bond trading unit.

Fixed income, currencies and commodities, or FICC, and equities are trading down 10 percent year-over-year, Soloman said Monday, driven by weakness in bond trading, strong offsets and the current macro environment.

However, with the end of Q3 still a few weeks away, Solomon suggested there is still time for the business to turn around.

Goldman Sachs Group Inc (NYSE: ) fell more than 1% in afterhours trading on the news.