Goldman earnings fall 12%

Owing to due to a sharp decline in the value of its investments and a slowdown in dealmaking activity

Goldman Sachs Group Inc earnings fell 12 percent in the second quarter compared with a year ago due to a sharp decline in the value of its investments and a slowdown in dealmaking activity.

The biggest U.S. investment bank said on Tuesday it earned $927 million, or $1.78 per share, compared with $1.1 billion, or $1.85 per share, a year earlier.