Goldman Sachs (GS): Q2 EPS of $3.70 beats by $0.89. Revenue of $8.61B beats by
$0.35B
More on Goldman Sachs (GS) Q2 earnings: EPS of $3.70 beat expectations by $0.89 and compared to $1.78 a year ago. Investment banking revenue of $1.55B up 29% Y/Y, with Underwriting revenue up 45% to $1.07B. Investment banking backlog is about unchanged from Q1. Trading revenue (FICC) of $2.46B, up 12% Y/Y - "favorable" conditions for most of the quarter became "more challenging" towards the end. Operating expenses of $5.97B up 14% Y/Y, with compensation expense of $3.7B up 27%. Ratio of compensation to revenue of 43% in H1 vs. 44% in H1 2012. CC at 9:30 ET. Shares +1.2% premarket.
Coca-Cola (KO): Q2 EPS of $0.63 in-line. Revenue of $12.75B misses by $0.22B.
More on Coca-Cola's (KO) Q2: Europe unit case volume comes in at -4% while the figure for North America is -1%. Overall Q2 volume rises 1%. Revenue and operating income fall 3% and 2% respectively, affected by currency headwinds to the tune of 2% and 3%. Disappointing volume results were the result of "challenging global macroeconomic environment and unusually poor weather conditions in the quarter." Shares -3% premarket
Comerica (CMA): Q2 EPS of $0.76 beats by $0.06
More on Comerica (CMA) Q2 earnings: Net interest income of $414M vs. $416M in Q1, $435M a year ago as net interest margin shrank 5 bps Q/Q and 27 bps Y/Y to 2.83%. 1.9M shares repurchased - combined with dividends, 72% of Q2 net income returned to shareholders. Credit loss provisions drop to $13M from $16M; non-performing loans falls to $471M from $515M. Tangible book value of $33.79/share up from $32.76 a year ago. Tier 1 common capital ratio of 10.41%. CC at 8 ET
More Stocks News More on Goldman Sachs (GS) Q2 earnings: EPS of $3.70 beat expectations by $0.89 and compared to $1.78 a year ago. Investment banking revenue of $1.55B up 29% Y/Y, with Underwriting revenue up 45% to $1.07B. Investment banking backlog is about unchanged from Q1. Trading revenue (FICC) of $2.46B, up 12% Y/Y - "favorable" conditions for most of the quarter became "more challenging" towards the end. Operating expenses of $5.97B up 14% Y/Y, with compensation expense of $3.7B up 27%. Ratio of compensation to revenue of 43% in H1 vs. 44% in H1 2012. CC at 9:30 ET. Shares +1.2% premarket.
Coca-Cola (KO): Q2 EPS of $0.63 in-line. Revenue of $12.75B misses by $0.22B.
More on Coca-Cola's (KO) Q2: Europe unit case volume comes in at -4% while the figure for North America is -1%. Overall Q2 volume rises 1%. Revenue and operating income fall 3% and 2% respectively, affected by currency headwinds to the tune of 2% and 3%. Disappointing volume results were the result of "challenging global macroeconomic environment and unusually poor weather conditions in the quarter." Shares -3% premarket
Comerica (CMA): Q2 EPS of $0.76 beats by $0.06
More on Comerica (CMA) Q2 earnings: Net interest income of $414M vs. $416M in Q1, $435M a year ago as net interest margin shrank 5 bps Q/Q and 27 bps Y/Y to 2.83%. 1.9M shares repurchased - combined with dividends, 72% of Q2 net income returned to shareholders. Credit loss provisions drop to $13M from $16M; non-performing loans falls to $471M from $515M. Tangible book value of $33.79/share up from $32.76 a year ago. Tier 1 common capital ratio of 10.41%. CC at 8 ET
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