Goldman Sachs Posts Higher Profit And Revenue

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Goldman Sachs Posts Higher Profit And Revenue

by Wochit 0:38 mins

Goldman Sachs Posts Higher Profit And Revenue

by Wochit 0:38 mins

Goldman Sachs said Tuesday that its quarterly profit rose 5 percent helped by record results from investment banking. The bank said early Tuesday, that second-quarter net income rose to $1.95 billion from $1.86 billion a year earlier. That's after paying dividends on preferred stock. According to the data provider FactSet, revenue increased 6 percent to $9.13 billion over the year. That was much better than the $7.97 billion analysts had expected.

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