Goldman Sachs on Tuesday reported second-quarter earnings that blew past Wall Street expectations, propelled by strong performance in investment banking amid a robust IPO market.
Here are the numbers:
Earnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year earlier Goldman recorded earnings per share of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)
Revenue: $15.39 billion vs. $12.17 billion expected
Shares of Goldman closed Tuesday more than 1% lower following the earnings release. The stock is already up more than 40% in 2021 as investors anticipated strong results amid the economic comeback from the pandemic.