Arab Today, arab today goldman profits up 2 fold on investment gains
Last Updated : GMT 01:36:29
Arab Today, arab today
Arab Today, arab today

Goldman profits up 2 fold on investment gains

Arab Today, arab today

Arab Today, arab today Goldman profits up 2 fold on investment gains

New York - AFP

US investment bank Goldman Sachs on Tuesday reported earnings that doubled last year\'s level due to a big jump in revenues from its own investments and lending. Goldman reported net income of $1.9 billion on revenues of $8.6 billion for the second quarter, more than twice the year-ago profit of $927 million on revenues of $6.6 billion. Goldman reported per share earnings of $3.70, well above the $2.82 forecast by analysts. Compared with the year-ago quarter, Goldman reported giant growth in its investing and lending segment, primarily investments in private equities and debt. Net revenues in this area grew from $203 million in the year-ago quarter to $1.4 billion. it also included Goldman\'s divestment of its remaining shares in the Industrial and Commercial Bank of China during the quarter. Goldman also scored large gains in its investment banking division. Net revenues from equity and debt underwriting grew 45.2 percent to $1.1 billion. In the previous quarter, Goldman chief executive Lloyd Blankfein spoke cautiously about the global economic outlook. His tone was somewhat more upbeat Tuesday. \"Improving economic conditions in the US drove client activity and the strength of our global client franchise allowed us to deliver positive performance across a number of our businesses,\" Blankfein said. \"While the operating environment has shown noticeable signs of improvement, we continue to put a premium on disciplined risk management, particularly in regard to the firm\'s strong capital and liquidity levels.\" Goldman said its fixed income, currency and commodities business for clients operated in a \"generally favorable environment\" in the first half of the quarter, but encountered \"more challenging\" time later in the quarter due to greater interest rate and market volatility. Revenues in this segment grew 12 percent from the year-ago period to $2.5 billion. Goldman said total staff decreased 1 percent compared with the end of the first quarter. Compensation and benefits rose 27 percent compared with the year-ago quarter. Goldman shares were up 0.6 percent in pre-market trading.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today goldman profits up 2 fold on investment gains Arab Today, arab today goldman profits up 2 fold on investment gains

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday