Goldman Sachs Q2 Profit
2024-07-07
2229
(fxcue news) - Goldman Sachs Group Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the second quarter surged to $2.89 billion or $8.62 per share from $1.07 billion or $3.08 per share in the prior-year quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $7.64 per share for the quarter. Analysts' estimates typically exclude special items.
Provision for credit losses for the quarter was $282 million, compared to $615 million last year.
Total net revenues for the quarter grew 17 percent to $12.73 billion from $10.90 billion in the same quarter last year. Analysts expected revenue of $11.40 billion for the quarter.
On Friday, the Board of Directors of The Goldman Sachs Group, Inc. declared a 9 percent higher dividend of $3.00 per common share to be paid on September 27, 2024 to common shareholders of record on August 30, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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