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Goldman Sachs Revenue And Earnings Rise

|Includes:Goldman Sachs Group Inc. (GS)

Originally published at www.seclive.com

The Goldman Sachs Group, Inc. (NYSE:GS) announced its financial results for the second fiscal quarter of 2014, posting increases in both revenue and earnings. The finance giant posted net revenues of $9.13B, up 6% from the year-ago quarter at $8.61B. Earnings increased from last year's $1.93B and $3.70 per share to $2.04B and $4.10 per share. The investment banking segment was one of the strongest company growth drivers, with revenue of $1.78B, up 15% year-over-year. Investing and lending segment revenue rose 46% from last year to $2.07B, propelled by gains made primarily from private equity investments. Chairman and CEO Lloyd Blankfein remarked that thanks to its diversity, the company continued to post strong performance.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: GS