Goldman Sachs profit falls on weak bond trading, legal expenses

The Wall Street bank said on Thursday its net income applicable to common shareholders fell to $916 million, or $1.98 per share, in the second quarter ended June 30, from $1.95 billion, or $4.10 per share, a year earlier.

During the quarter, Goldman recorded $1.45 billion in net provisions for mortgage-related litigation and regulatory matters. The provisions reduced earnings by $2.77 per share.

Analysts on average had expected earnings of $3.89 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.

Goldman's net revenue from fixed-income, currency and commodity trading, known as FICC, fell 28 percent to $1.60 billion.

(Reporting by Sweta Singh and Richa Naidu in Bengaluru and Olivia Oran in New York; Editing by Ted Kerr)