Goldman Sachs (GS) Tops Q2 EPS by $2.48, Revenue Beats

July 15, 2020 7:24 AM

Goldman Sachs (NYSE: GS) reported Q2 EPS of $6.26, $2.48 better than the analyst estimate of $3.78. Revenue for the quarter came in at $13.3 billion versus the consensus estimate of $9.73 billion.

“This quarter demonstrated the continued dedication of the people of Goldman Sachs to helping our clients navigate a very challenging environment, while working remotely or returning to offices that are quite different than the ones we left earlier in the year. We also continue to be grateful for those working hard to contain the pandemic and limit its human and economic costs. Our strong financial performance across our client franchises demonstrates the inherent benefits of our diversified business model. The turbulence we have seen in recent months only reinforces our commitment to the strategy we outlined earlier this year to investors. While the economic outlook remains uncertain, I am confident that we will continue to be the firm of choice for clients around the world who are looking to reshape their businesses and rebuild a more resilient economy.” - David M. Solomon, Chairman and Chief Executive Officer.

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