Goldman Sachs reported net income of $2.39 billion for the fourth quarter of 2010, down by 52% from 2009, The Wall Street Journal reports. The U.S. lender’s trading-related revenue dropped to $3.64 billion from $5.25 billion in the 2009 fourth quarter. The New York-based bank reported net revenues of $8.64 billion for the last quarter of 2010. The bank witnessed its third quarterly profit decline in a row, affected by lower revenue from its trading and investment-banking businesses.

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