Goldman Sachs GS results in Q2 2021

Goldman Sachs reported second quarter results on Tuesday that beat Wall Street expectations, propelled by the investment bank’s strong performance in a robust IPO market.

Here are the numbers:

Earnings: $ 15.02 per share vs. $ 10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded EPS of $ 6.26 (53 cents per share if you factor in costs related to the 1MDB settlement.)
Returned: $ 15.39 billion against $ 12.17 billion expected

The investment bank posted its second-highest revenue quarter in history at $ 3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted underwriting of shares of Goldman.

Last month, following the successful results of the Federal Reserve’s annual stress test, Goldman said it plans to increase its dividend from 60% to $ 2 per share, subject to board approval. administration of the bank.

For its first quarter of 2021, the New York-based bank exceeded analysts’ expectations with net profits and record revenues thanks to the strong performance of the company’s investment banking and trading activities, thanks to an increase in the retail bank fueled by cheap consumer deposits.

Among the six largest US banks, Goldman derives the largest share of its revenue from Wall Street activities, including trading and investment banking.

Goldman shares rose 45% in 2021 in the wake of the economic recovery from the Covid-19 pandemic.

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