Goldman Sachs Group Inc.’s (GS) second-quarter profit fell 11% as sluggish demand for deal making put a damper on investment-banking revenue, but the results still beat analysts’ estimates, the Wall Street Journal said Tuesday.

Goldman’s traditionally strong trading and investment-banking arms have been struggling for the past couple of years as investors have shied away from making big bets in the markets and corporate chiefs hoard cash instead of making deals.

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