Goldman Sachs eyes deal windfall as earnings smash forecasts | Malay Mail

NEW YORK, July 14 ― Goldman Sachs Group Inc executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates.

“Strategic discussions with our corporate client base remain high, reflective of elevated CEO confidence and the prospect of continued economic recovery,” he said. “We're seeing really broad engagement across our franchise.” Total net revenue surged 16 per cent to US$15.39 billion, while diluted earnings per common share of US$15.02 beat estimates of US$10.24, according to the IBES estimate from Refinitiv.

Net revenue from fixed income, commodities and currencies trading fell by 45 per cent. Net revenues from equities trading fell 12 per cent. The bank's executives say changes to the business, including serving a wider range of corporate clients, have led to market share gains which Goldman can retain even when conditions get tougher.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian markets extend rally as traders eye earnings | Malay MailHONG KONG, July 13 — The rally in global stocks extended into Asia today as optimism about the upcoming earnings season outweighs worries over the fast-spreading Delta virus variant that is forcing leaders to reimpose containment measures. Hope that central banks will maintain their...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Asia shares track Wall Street higher as investors await earnings | Malay MailHONG KONG, July 13 ― Asian shares climbed in early trade today after Wall Street hit record highs overnight, as investors awaited the second-quarter earnings season and a batch of economic data, including key US inflation figures later in the day. Investors are bracing for an eventful week which...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »