More on Goldman Sachs (GS) Q2 earnings: EPS of $3.70 beat expectations by $0.89 and compared to...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

More on Goldman Sachs (GS) Q2 earnings: EPS of $3.70 beat expectations by $0.89 and compared to $1.78 a year ago. Investment banking revenue of $1.55B up 29% Y/Y, with Underwriting revenue up 45% to $1.07B. Investment banking backlog is about unchanged from Q1. Trading revenue (FICC) of $2.46B, up 12% Y/Y - "favorable" conditions for most of the quarter became "more challenging" towards the end. Operating expenses of $5.97B up 14% Y/Y, with compensation expense of $3.7B up 27%. Ratio of compensation to revenue of 43% in H1 vs. 44% in H1 2012. CC at 9:30 ET. Shares +1.2% premarket. (PR)