Goldman Sachs Group (GS) Raises Quarterly Dividend 8.7% to $0.50; Yields 1.6%
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Goldman Sachs (GS) Takes Breather Despite Blow-Out Q3 Numbers
October 16, 2012 7:58 AM EDTShares of Goldman Sachs Group, Inc. (NYSE: GS) are indicated to open lower Tuesday despite third quarter results that easily beat Wall Street views.
The investment banking giant reported net revenues of $8.35 billion, up 49 percent from last year and above the consensus of $7.3 billion. Results were 3% lower than the second quarter of 2012. Net revenues in Investment Banking were $1.16 billion, 49% higher than the third quarter of 2011 and 3% lower than the second quarter of 2012. Net revenues in Institutional Client Services were $4.18 billion, 3% higher than the third quarter of 2011 and 8% higher than the second quarter of... More
