Goldman Sachs: Q2 well above conensus
(CercleFinance.com) - The US investment bank Goldman Sachs has reported Q2 2020 net income of 2.
42 billion dollars or 6.26 dollars per share, meaning EPS that is about 2.20 dollars above the consensus.
Net revenues rose by 41% to 13.3 billion dollars, driven by growth in the global markets-investment banking and consumer and wealth management divisions, even though this was partially offset by a decline in asset management.
"Our strong financial performance across our client franchises demonstrates the inherent benefits of our diversified business model," said Chairman and CEO David Solomon, warning that "the economic outlook remains uncertain".
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