Goldman Sachs shares fall as profit barely rises

"I think there is pain yet to be felt in some structured vehicles and potential default rates," Viniar said. "I don't think we're through."

The company's shares were down $7.36, or 3.2 percent, at $226.28 in afternoon New York Stock Exchange trade.

The stock, which hit an all-time high of $233.94 at the end of May, rose 4 percent during the fiscal quarter, outperforming the 1.3 percent gain in the AMEX Securities Broker-Dealer Index, but lagged the S&P 500.

(Additional reporting by Dan Wilchins)