Goldman Sachs (GS) Q2 Revenue, EPS Tops Views

July 17, 2018 7:33 AM EDT

Goldman Sachs (NYSE: GS) reported Q2 EPS of $5.98, $1.32 better than the analyst estimate of $4.66. Revenue for the quarter came in at $9.4 billion versus the consensus estimate of $8.74 billion.

  • Net revenues of $9.40 billion were 19% higher than the second quarter of 2017 and the highest second quarter in nine years.
  • The firm ranked first in worldwide announced mergers and acquisitions for the year-to-date. The firm also ranked first in worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the year-todate. (2)
  • Investment Banking produced net revenues of $2.05 billion (third highest quarter), reflecting strong net revenues in both Financial Advisory and Underwriting.
  • Investment Management produced record quarterly net revenues of $1.84 billion. Assets under supervision (3) increased to a record $1.51 trillion.
  • First half diluted EPS increased 42% compared with the first half of 2017 to a record $12.93.
  • First half annualized ROE (1) of 14.1% was the highest in nine years.
  • Book value per common share increased by 4.1% during the quarter and 7.4% during the year-to-date to $194.37

“Solid performance across all of our major businesses drove the strongest first-half returns in nine years. With a healthy economic backdrop and deep client franchises, the firm is well-positioned to invest in attractive opportunities to meet the needs of our clients and continue to generate earnings growth,” said Lloyd C. Blankfein, Chairman and CEO.

For earnings history and earnings-related data on Goldman Sachs (GS) click here.

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