Goldman Sachs Q2 FICC Revenue Surges 32% to $4.59B
GS sits 54% above its 52-week low of $691.3.
Summary
Goldman Sachs reported Q2 FICC revenue of $4.59 billion, a 32% jump from the prior year. Operating expenses rose 26% to $11.67 billion, including compensation and benefits expenses of $6.1 billion, up 30%. Investment banking fees surged 55% to $3.4 billion. The provision for credit losses was $102 million, with net charge-offs of $185 million. Headcount decreased 2% from the end of Q1.
At the time of this announcement, GS was trading at $1,065.91 on NYSE in the Finance sector, with a market capitalization of approximately $308.6B. The 52-week trading range was $691.30 to $1,125.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.