David Solomon, Goldman Sachs
Andrew Harrer | Bloomberg | Getty Images
Goldman Sachs beat Wall Street’s expectations for second-quarter results Tuesday with outperformance in its investment banking and trading division.
Here’s how the company did compared with what Wall Street expected:
- Earnings: $5.81 per share vs. $4.89 per share forecast by Refinitiv
- Revenue: $9.46 billion vs. $8.83 billion forecast by Refinitiv
- Total investment banking revenue: $1.86 billion vs. $1.77 billion projected by FactSet
Goldman’s revenue was down 2% from the second quarter of last year, while total investment banking revenue fell 9% year over year. Both still beat Wall Street’s expectations. Earnings per share also fell 2.8% from a year ago.
The New York bank notched better-than-expected equities revenue with…