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It now has to put up more capital against its operations, forcing the bank to leave certain businesses, reducing profitability.
The difference is important, because if the riskier activities were separated, their financing costs would rise, reducing profitability.
It added: "The greater impact would be felt through higher costs and diversion of management attention, as the companies concerned restructure, reducing profitability for a time.
It is also operating with more regulatory restrictions, which has forced Goldman and its rivals to shut down certain lucrative business lines and put up capital against riskier operations, reducing profitability.
Investors, he said, still remember the financial crisis and are also worried about the various regulatory changes that have forced Wall Street firms out of certain business and require them to hold more capital, reducing profitability.
Premature culling of sheep, as a result of incisor wear and loss, increases overhead and replacement costs and reduces lifetime productivity, genetic gain and income from sheep sales thus reducing profitability of sheep farming.
Similar(52)
"Late payment means reduced profitability, knock-on late payments to suppliers, and reduced business growth," an FSB spokesman said.
"The rest of the world is seeing reduced profitability.
The result for the stretched-out company is reduced profitability.
It is therefore effectively incumbent upon them to oppose any policies that could reduce profitability.
"There's no question that a [stronger peso] reduces profitability," admits Mr Velasco.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com