Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y

The Goldman Sachs Group, Inc.’s (GS) second-quarter 2024 earnings per share of $8.62 surpassed the Zacks Consensus Estimate of $8.52. This compares favorably with $3.08 reported in the year-earlier quarter.Goldman’s results have benefited from the strength in Fixed Income, Currency and Commodities Client Execution (FICC) financing revenues, investment banking (IB) and consumer banking business. Further, a decline in expenses and provisions acted as a tailwind.Net earnings of $3.04 billion increased signific ...