GOLDMAN Sachs Group Inc reported higher quarterly profit on Wednesday, driven by strength its core bond trading and underwriting businesses.
The bank’s net earnings applicable to common shareholders rose 2% to US$2.25 bil (RM9.61 bil) in the quarter ended June 30. Earnings per share rose to US$6.26 from US$5.81 a year earlier.
Analysts had expected a profit of US$3.78 per share, on average, according to the IBES estimate from Refinitiv.
It was not immediately clear whether the estimates were comparable with the reported number. – July 15, 2020, Reuters
