GS Goldman Sachs Q2 ficc sales & trading rev $4.59B, est. $3.76B
GS Goldman Sachs Q2 ficc sales & trading rev $4.59B, est. $3.76B
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11:31:58 AM UTC
SquawkNews
GS reported blowout Q2 results as EPS $20.98 crushed ests $14.48 and revs surged 39% Y/y to $20.34B above consensus est. $16.13B while raises quarterly dividend to $5.00 from $4.50. Investment Banking revs surged 55% Y/y to $3.4B, Q2 FICC sales & trading rev rose 32% Y/y to $4.59B, tops est. $3.76B while equities business revs of $7.42B, surged 72% Y/y; Q2 provision for credit losses better at -$102M vs est. -$204.9M primarily reflected impairments related to wholesale loans; shares +2% premarket
GS reported blowout Q2 results as EPS $20.98 crushed ests $14.48 and revs surged 39% Y/y to $20.34B above consensus est. $16.13B while raises quarterly dividend to $5.00 from $4.50.
Investment Banking revs surged 55% Y/y to $3.4B, Q2 FICC sales & trading rev rose 32% Y/y to $4.59B, tops est. $3.76B while equities business revs of $7.42B, surged 72% Y/y; Q2 provision for credit losses better at -$102M vs est. -$204.9M primarily reflected impairments related to wholesale loans; shares +2% premarket