Goldman Sachs sees doubling of profit in Q2
Source: Agencies |
July 17, 2013, Wednesday
|
Print Edition
Print Edition
GOLDMAN Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting.
Profit was US$1.9 billion after payments to preferred shareholders, compared with US$927 million a year ago.
Per share, those profits were US$3.70. Analysts polled by FactSet had expected US$2.83. Revenue was US$8.6 billion, up 30 percent from US$6.6 billion a year ago. That also beat the expectations of analysts, who had forecast US$8 billion.
In a statement, CEO Lloyd Blankfein called the quarter "solid," especially considering the "mixed economic sentiment."
The biggest increase in Goldman's earnings came from underwriting stocks and bonds, where revenue soared 45 percent.
The bank said it set aside more money for potential lawsuits and regulatory proceedings, but didn't give details. A former Goldman Sachs trader, Fabrice Tourre, went to trial on Monday in New York, accused of selling mortgage-backed securities that he knew would fail.
Profit was US$1.9 billion after payments to preferred shareholders, compared with US$927 million a year ago.
Per share, those profits were US$3.70. Analysts polled by FactSet had expected US$2.83. Revenue was US$8.6 billion, up 30 percent from US$6.6 billion a year ago. That also beat the expectations of analysts, who had forecast US$8 billion.
In a statement, CEO Lloyd Blankfein called the quarter "solid," especially considering the "mixed economic sentiment."
The biggest increase in Goldman's earnings came from underwriting stocks and bonds, where revenue soared 45 percent.
The bank said it set aside more money for potential lawsuits and regulatory proceedings, but didn't give details. A former Goldman Sachs trader, Fabrice Tourre, went to trial on Monday in New York, accused of selling mortgage-backed securities that he knew would fail.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
