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.
This year, the stocks fell 7%, and USA30 slipped 6.6%. After the results came in, the stock price gained 4%. At the same time, USA30 added 1.7%, while USA500 went up 1.3%. TECH100 rose 0.9%.
Sources: cnbc.com, marketwatch.com