Workflow
Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y
GSGoldman Sachs(GS) ZACKS·2024-07-15 16:25

The Goldman Sachs Group, Inc.’s (GS) second-quarter 2024 earnings per share of 8.62surpassedtheZacksConsensusEstimateof8.62 surpassed the Zacks Consensus Estimate of 8.52. This compares favorably with 3.08reportedintheyear−earlierquarter.Goldman’sresultshavebenefitedfromthestrengthinFixedIncome,CurrencyandCommoditiesClientExecution(FICC)financingrevenues,investmentbanking(IB)andconsumerbankingbusiness.Further,adeclineinexpensesandprovisionsactedasatailwind.Netearningsof3.08 reported in the year-earlier quarter.Goldman’s results have benefited from the strength in Fixed Income, Currency and Commodities Client Execution (FICC) financing revenues, investment banking (IB) and consumer banking business. Further, a decline in expenses and provisions acted as a tailwind.Net earnings of 3.04 billion increased signific ...