Goldman Sachs (NYSE:GS) reported Q2 earnings Wednesday of $3.08 per diluted share, down from $7.73 a year earlier.
Analysts polled by Capital IQ expected $4.14.
Net revenue for the quarter ended June 30 was $10.90 billion, compared with $11.86 billion a year earlier.
Analysts surveyed by Capital IQ expected $10.73 billion.
The company said its board raised its quarterly cash dividend by 10% to $2.75, payable Sept. 28 to shareholders of record as of Aug. 31.