Goldman Sachs Group, Inc.

NYSE:GS   12:04:41 PM EDT
377.95
+3.72 (+0.99%)
Other Pre-Announcement

Goldman Sachs Reports Q2 Earnings Of $15.02 Per Share

Published: 07/13/2021 11:50 GMT
Goldman Sachs Group, Inc. (GS) - Goldman Sachs Reports Second Quarter Earnings per Common Share of $15.02 and Increases the Quarterly Dividend to $2.00 per Common Share.
Net Revenues Were $15.39 Billion for the Second Quarter of 2021, 16% Higher Than the Second Quarter of 2020.
Q2 Earnings per Share View $10.24, Revenue View $12.17 Billion -- Refinitiv Ibes Data (analyst estimates).
Says While the Economic Recovery is Underway, Our Clients and Communities Still Face Challenges in Overcoming the Pandemic.
Net Revenues in Global Markets Were $4.90 Billion for the Second Quarter of 2021, 32% Lower Than Second Quarter of 2020.
Net Revenues in Investment Banking Were $3.61 Billion for the Second Quarter of 2021, 36% Higher Than the Second Quarter of 2020.
Provision for Credit Losses Was a Net Benefit of $92 Million for Q2 2021, Compared With Net Provisions of $1.59 Billion for Q2 2020.
Quarterly Net Revenues in Equities Were $2.58 Billion, 12% Lower Than the Second Quarter of 2020.
Net Revenues in Consumer & Wealth Management Were $1.75 Billion for Second Quarter of 2021, 28% Higher Than Second Quarter of 2020.
Firm's Allowance for Credit Losses Was $4.09 Billion As of June 30, 2021.
Operating Expenses Were $8.64 Billion for the Second Quarter of 2021, 17% Lower Than the Second Quarter of 2020.
Net Provisions for Litigation and Regulatory Proceedings for Q2 2021 Were $226 Million Compared With $2.96 Billion for Q2 2020.