Goldman Sachs: Q2 earnings

Summary of Goldman Sachs's earnings for its second quarter, following which shares went up 2.5% in the pre-market (12.35pm London time).



Earnings per share


$7.98 billion $3.09


$9.13 billion $4.10


Start trading nowlog in or see live chart

For the current quarter, Goldmans exceeded expectations. It is the seventh time in the past eight quarters that the bank has pulled off the trick of beating forecasts by a double-digit margin.

There was the expected drop in trading revenues, but the bank’s own proprietary trading arm made $2.1 billion in revenues, up 46% from last year. Equity underwriting rose too, an encouraging sign, even if operating and litigation expenses were up as well.

On a valuation basis, there are tempting signs for investors. At around ten times forward earnings and just 1.1 times book value, the shares are not too expensive, while the dividend and share repurchase programme offer attractions for income investors.

The share price is stuck midway in its range of $150-$180, but any close through $170 (the June high) would suggest more gains on the upside, supported by a turnaround in the relative strength index which has moved above the 50 level. 

Here is a  full list of US stocks that can be traded outside New York Stock Exchange trading hours of 2.30pm to 9pm (London time).

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Find articles by analysts

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.