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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Goldman Sachs Revenue And Earnings Rise 0 comments
    Jul 15, 2014 11:07 AM | about stocks: 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.

    Themes: financial results, earnings Stocks: GS
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