Goldman Sachs posted adjusted earnings per share of
$3.70 for the second quarter easily beating Wall Street analysts' expectations
of $2.88. Revenue was reported at $8.61 billion also beating expectations of
$7.97 billion. Shares of Goldman are trading about 1.5% higher in the overnight
continued to bolster the bank’s stock, which is up 23% this year.
firm’s performance was solid especially in the context of mixed economic
sentiment during the quarter," Goldman CEO Lloyd Blankfein said in a
statement. "Improving economic conditions in the U.S. drove client activity
and the strength of our global client franchise allowed us to deliver positive
performance across a number of our businesses. While the operating environment
has shown noticeable signs of improvement, we continue to put a premium on
disciplined risk management, particularly in regard to the firm’s strong
capital and liquidity levels."