Goldman Sachs triumphs in the second quarter beating analysts' forecasts. Revenues rose to $9,12 billion from $8,61 billion in the second quarter of 2013 and market estimates at $7,97 billion. Net income for shareholders of the parent company increased from 1,86 to 1,95 billion dollars. Diluted earnings per share rose from $3,70 to $4,10, beating the consensus of analysts, set at $3,09. The Roe of the group was 10,9%.
“We are pleased with the results against a backdrop of mixed operating conditions over the period. Performance was underpinned by the strength, diversity and breadth of services we offer to clients,” commented Chief Executive Lloyd Blankfein.
The subscriptions of securities also grew (+47% on an annual basis). Debt subscriptions also rose by 5%. Mergers advisory services were down 26% from the prior quarter but still up 4,1% from the same period last year. The return on capital also shows an increase (+0,4% on an annual basis).
The only decline was revenue from trading in fixed income, currencies and commodities, which fell 10%. However, this decrease is reduced when compared to the results of competitors such as JP Morgan and Citigroup, which respectively decreased in the sector by 15% and 12%.
