(New York) Goldman Sachs’ net profit fell 36% in the third quarter, during which the US bank recorded a “significant” decline in its asset management and wealth management business.

“We continue to make significant progress in delivering on our strategic priorities and we are confident that the work we are currently doing now gives us a much stronger platform,” commented David Solomon, CEO of the bank. cited in a press release.

The decision was taken during this period, recalls the group, to sell in particular the internet credit specialist Greensky which was intended to diversify Goldman Sachs into retail banking, but which turned into a mishap.

Mr. Solomon said he anticipated “continued convalescence in both capital markets and strategic activities if conditions remain favorable.”

According to him, describing his establishment as a “leader” in the mergers and acquisitions and equity issuance segment, “a resurgence of this activity would undoubtedly be an asset for Goldman Sachs”.

Between July and September, net profit stood at $1.88 billion, compared to $2.96 billion a year earlier.

Reported per share and excluding exceptional items – a benchmark for the markets – it amounts to 5.47 dollars when the Factset consensus expected 5.74 dollars.

Its turnover remained almost stable (-1%) year-on-year at $11.82 billion – analysts anticipated $11.15 billion – but it increased by 8% compared to the previous quarter.

The bank noted significantly lower activity in asset management and wealth management, which was offset by higher turnover in international banking and markets and in services (53%).

In trading before the opening of the New York Stock Exchange, Goldman Sachs shares were stable (0.11%) at $314.75.