Goldman Sachs Q2 Earnings: Revenue And EPS Beat, Investment Banking Fees Up 21%, Dividend Hike
Portfolio Pulse from Lekha Gupta
Goldman Sachs reported strong Q2 earnings with revenue and EPS beating expectations. Investment banking fees rose 21%, and the company increased its quarterly dividend. Despite positive results, GS shares were down 0.14% premarket.
July 15, 2024 | 12:09 pm
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Goldman Sachs reported Q2 revenue of $12.73 billion, beating expectations. Investment banking fees rose 21%, and the company increased its quarterly dividend to $3.00 per share. Despite positive results, GS shares were down 0.14% premarket.
Goldman Sachs' strong Q2 earnings, driven by a 21% increase in investment banking fees and a dividend hike, are positive indicators for the company's financial health. However, the slight premarket decline in share price suggests that the market may have already priced in these results or is reacting to broader market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100