Goldman Sachs earnings blow past Wall Street on strong investment banking, trading results

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…

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