Market Updates: Goldman Sachs Group (NYSE:GS), IBM (NYSE:IBM), Harley-Davidson (NYSE:HOG), PepsiCo (NYSE:PEP)

Goldman Sachs Group (NYSE:GS) said second-quarter profit dropped 82 percent, missing analysts’ estimates on a slide in trading revenue, five days after settling U.S. regulators’ fraud allegations. Revenue and profit were the lowest since the fourth quarter of 2008. Net income fell to $613 million, or 78 cents a share, from $3.44 billion, or $4.93, a year earlier, New York-based Goldman Sachs said in a statement today. The average estimate of 21 analysts surveyed by Bloomberg was for earnings of $1.99 per share, with estimates ranging from 77 cents to $4.34. Some of the analysts didn’t include costs of the settlement. -Bloomberg Technology icon IBM (NYSE:IBM) reported a 13% increase in earnings Monday, but overall revenue — which rose just 2% — fell short of Wall Street expectations, leading investors…