Wednesday, July 15, 2020

Goldman Sachs Q2 Profit Beats Estimates; Net Revenues Up 41%

The Goldman Sachs Group, Inc. (GS) reported second quarter earnings per share of $6.26 compared to $5.81, a year ago. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $3.78, for the quarter. Analysts' estimates typically exclude special items. During the second quarter of 2020, the company recorded net provisions for litigation and regulatory proceedings of $945 million. This reduced EPS by $2.60 in the second quarter of 2020. Net earnings applicable to shareholders increased to $2.25 billion from $2.20 billion.

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