Goldman Sachs Group Inc (NYSE:GS)’s second-quarter earnings doubled thanks to revenue gains from fixed income, currency and commodity trading. The top investment bank posted a 108 percent increase in its second-quarter earnings at $3.70 per share as against $1.78 reported a year ago. This surge was bolstered by the payment of preferred dividends. Strong Trading Revenues For Goldman Sachs The investment bank’s fixed income, currency and trading revenue topped $2.46 billion against $2.19 billion posted a year ago, and $3.22 billion in the previous quarter. Goldman Sachs Group Inc (NYSE:GS)’s net interest income grew 30 percent to $8.61 billion. The investment bank’s revenue…
Goldman Sachs Group Inc (GS) Earnings: Profit Doubles
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports