Goldman Sachs: strong results supported by growth in investment banking
- Earningsand Sales: Goldman Sachs $GS beat expectations with earnings of $8.40 per share and sales of $12.7 billion.
- Stock trading: Equity trading revenue increased by 18 % At US$3.5 billion, well above the estimated USD 2.96 billion.
- Investment Banking: Investment banking revenues increased by 20 % at USD 1.87 billion, mainly due to growth in the equity and debt underwriting.
- Asset and wealth managementAsset and wealth management division increased revenues by 16 % At $3.75 billionsupported by higher fees a gains on investments.
I only buy the biggest banks and I don't want $GS in my portfolio anymore, but you can see that they are doing quite well now.
It's a nice bank, but I'm not really interested in this one.
More very solid numbers. New peak probably deserved and subsequent slight decline healthy😉