Goldman Sachs (GS): Q2 EPS of $1.78 beats by $0.60. Revenue of $6.62B beats by $340M.
Goldman Sachs (GS): FICC revenue +37% Y/Y, equity trading revenue -12% Y/Y. Investment banking revenues -17% Y/Y, led by a 26% drop in financial advisory fees (no M&A). A 9% Y/Y decline in underwriting fees all came from the equity side as debt underwriting record a gain. Operating expenses -8% Y/Y (compensation -9%). Q2 ROE of 5.4%. Tangible BV/share of $126.12. Shares +1.4% premarket.
Goldman Sachs (GS): FICC revenue +37% Y/Y, equity trading revenue -12% Y/Y. Investment banking revenues -17% Y/Y, led by a 26% drop in financial advisory fees (no M&A). A 9% Y/Y decline in underwriting fees all came from the equity side as debt underwriting record a gain. Operating expenses -8% Y/Y (compensation -9%). Q2 ROE of 5.4%. Tangible BV/share of $126.12. Shares +1.4% premarket.
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