Goldman Sachs Disappoints With Earnings of $1.05 Billion

``Goldman Sachs reported profit of $1.05 billion on Tuesday, a weak showing that reflected the firm's costly move to reduce risk and cut back trading activities. The performance of the investment bank, which has largely shed the legacy of the financial meltdown, points to the new reality on Wall Street. Amid regulatory and economic uncertainty, Goldman is struggling to lift its earnings power to precrisis levels.//