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More on Goldman Sachs (GS): FICC revenue +37% Y/Y, equity trading revenue -12% Y/Y. Investment...

More on Goldman Sachs (GS): FICC revenue +37% Y/Y, equity trading revenue -12% Y/Y. Investment banking revenues -17% Y/Y, led by a 26% drop in financial advisory fees (no M&A). A 9% Y/Y decline in underwriting fees all came from the equity side as debt underwriting record a gain. Operating expenses -8% Y/Y (compensation -9%). Q2 ROE of 5.4%. Tangible BV/share of $126.12. Shares +1.4% premarket. (PR)
Comments (1)
  • nafar
    , contributor
    Comments (217) | Send Message
     
    Financials are a good indicator of economic activity too. C, JPM WFG and GS all have beated market expectations.
    17 Jul 2012, 07:57 AM Reply Like
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