The Goldman Sachs Group Inc., New York, saw net earnings of $2.09 billion in the second fiscal quarter (ended May 30) when it took a loss of about $775 million from credit products that was partially offset by higher net revenue in mortgages. "We continue to benefit from our strong client franchise, a broad and diverse set of businesses, and the deep commitment and experience of our people," said Lloyd C. Blankfein, chairman and chief executive officer. "We are realistic about the market challenges we face, but times of market dislocation also produce opportunities, and we will continue to take advantage of the most attractive of these as they arise."
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