Goldman Sachs Reports Strong Second-Quarter Earnings
Goldman Sachs Group Inc. has announced its second-quarter earnings, which exceeded market expectations. Key highlights from the report include:
- Net profit increased by 20% compared to the same period last year
- Revenue growth of 15% year-over-year
- Earnings per share and quarterly revenues surpassed estimates
The bank’s investment banking and securities business demonstrated strong performance, driven by:
- Record equities trading
- Resurgence in dealmaking
In addition, the company’s dividend was increased by 33%.
The stock’s price has been subject to volatility, but the overall results are viewed as a positive indicator of the bank’s financial health.