(Bloomberg) -- Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, reported second-quarter earnings that beat analysts’ estimates on higher asset-management revenue a gain from the firm’s own investments.

Net income slid 11% to $962 million, or $1.78 a share, from $1.09 billion, or $1.85, a year earlier, the New York-based company said today in a statement. Earnings surpassed the highest estimate among 25 analysts surveyed by Bloomberg.

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