Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
After a foray into consumer banking flopped, Goldman has refocused on its traditional mainstays - investment banking and trading.
The Goldman Sachs Group, Inc. (GS) Q2 2024 Earnings Call Transcript
The Goldman Sachs Group, Inc. (NYSE:GS ) Q2 2024 Earnings Conference Call July 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Dennis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Securities Dan Fannon - Jefferies Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Saul Martinez - HSBC Operator Good morning. My name is Katie and I will be your conference facilitator today.
Goldman Sachs' Q2 Profit Jumps 150% on Higher Investment Banking Revenue
Goldman Sachs' (GS) efforts to refocus on its Wall Street operations is paying off, as second-quarter investment banking revenue jumped over 20% from a year ago, helping profits more than double.
Goldman (GS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Goldman (GS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Goldman Sachs (GS) Q2 Earnings and Revenues Top Estimates
Goldman Sachs (GS) came out with quarterly earnings of $8.62 per share, beating the Zacks Consensus Estimate of $8.52 per share. This compares to earnings of $3.08 per share a year ago.
Goldman Sachs Q2 profits beat Street estimates on better-than-expected fixed income
Goldman Sachs Group Inc (NYSE: GS) reported its second-quarter results on Monday, surpassing Wall Street's profit and revenue expectations. The financial giant credited better-than-expected performance in its fixed income division as a key driver behind its robust earnings.
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.
Goldman Sachs profits surge 150%, assets near three trillion dollars
Investment banking and global trading giant Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) saw its revenues fly 150% higher on a yearly comparison in the second quarter to top out at more than $3 billion. Goldman's core global banking and markets segment brought home $8.18 billion in revenues, driven by strong results in equities and fixed income, currency and commodities (FICC) financing.
Goldman Sachs Beats Q2 Estimates, Signaling Wall Street Rebound
Goldman's results serve as a barometer for the financial industry, suggesting renewed confidence in market activities.
Goldman Sachs profit more than doubles on deal-making jump
Goldman Sachs Group Inc.'s stock GS, +0.14% rose fractionally in premarket trading Monday after the banking giant's second-quarter profit beat analyst estimates on an uptick in deal-making and asset management income. Goldman said its net income for the three months ended June 30 more than doubled to $2.89 billion, or $8.62 a share, from $1.07 billion, or $3.08 a share, in the year-ago quarter.
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Goldman Sachs' profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting and a strong performance in its fixed-income trading business.
Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head
Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country.
