A day of records for Goldman Sachs.
Goldman Sachs took Wall Street by surprise when it posted its Q2 financial report.
It wiped off Wall Street's $3.78 EPS estimates when the actual figure of $6.26 came in. The revenue improved 41% compared to last year, reaching $13.3 billion (being the bank’s second-highest ever), and outperforming the $9.75 billion expectations.
The fixed-income trading revenue was the highest in nine years - $4.24 billion. Simultaneously, the revenue from equities trading was the best in 11 years - $2.94 billion.
A record was also the investment banking revenue with $2.66 billion.
The quarterly dividend is still at $1.25/share.
Sources: cnbc.com, marketwatch.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.