Goldman Sachs Reports Second Quarter Earnings Per Common Share of $1.98; Litigation Provisions Reduced Earnings Per Common Share by $2.77

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Go back to Goldman Sachs Reports Second Quarter Earnings Per Common Share of $1.98; Litigation Provisions Reduced Earnings Per Common Share by $2.77

UBS Raises Price Target to $220 Following Goldman Sachs (GS) 2Q Results

July 17, 2015 11:38 AM EDT

UBS maintained a Neutral rating on Goldman Sachs (NYSE: ), and raised the price target to $220.00 (from $200.00) following 2Q results. Analyst Brennan Hawken believes that the liberalization of markets in the Asian region will be positive for GS long-term.

Hawken commented, "Like peers, GS's 2Q results were impacted in part by weaker spread products... More

Goldman Sachs (GS) Posts Q2 GAAP EPS of $1.98

July 16, 2015 7:36 AM EDT

Goldman Sachs (NYSE: GS) reported Q2 EPS of $1.98, which may not compare with the analyst estimate of $3.89. Revenue for the quarter came in at $9.07 billion versus the consensus estimate of $8.78 billion.

During the quarter, the firm recorded $1.45 billion in net provisions for mortgage-related litigation and regulatory matters. These provisions reduced diluted earnings per common share for the second quarter of 2015 by $2.77, and reduced annualized ROE for the second quarter of 2015 and the first half of 2015 by 6.7 and 3.4 percentage points, respectively.

*** Excluding costs, EPS would have been $4.75. Adjusted Q215 EPS is about... More