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Goldman Sachs Group
In the second quarter, its sales and results were much better than expected, which allowed its stock to acquire 1.2% more than expected in pre-market trading.
Goldman's good results (ticker: GS) on Tuesday morning come after
Citigroup
(C) began the season of release of the banks 'results by exceeding badysts' expectations on Monday. Results of
JPMorgan Chase
(JPM), also revealed Tuesday, was also better than expected.
The story back. After falling more than 30% in the fourth quarter of 2018 due to economic and business concerns affecting most financial stocks, as well as the company's involvement in the Malaysian 1MDB scandal, Goldman's shares increased by nearly 27% in 2019.
S & P 500
is up about 20%.
Analysts expect a turnover of $ 8.9 billion and earnings per share of $ 4.89, according to badysts FactSet.
What's up. Goldman posted earnings per share of $ 5.81 and a business figure of $ 9.5 billion.
Equity trading revenue, which has been a sore point for the bank for several quarters, was just over $ 2 billion, exceeding the consensus of $ 1.8 billion.
As expected, Goldman increased his dividend from $ 0.85 to $ 1.25.
Look forward. Goldman Sachs has scheduled a call with investors to discuss the results at 9:30 am EST. Expect questions about what was behind the trading revenue, as well as inquiries about the consumer's more recent consumer banking activities, such as its consumer banking unit. detail Marcus and his credit card Apple.
Write to Ben Walsh at [email protected]
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