Goldman Sachs (GS) announed EPS of $4.58, higher than consensus expectations of $3.42. Revenue also beat coming in at $9.42 billion against Wall St.’s guess of $8.74 billion.
Net revenues in Investment Banking were $1.69 billion, 2% lower than the second quarter of 2007 and 44% higher than the first quarter of 2008
Net revenues in Trading and Principal Investments were $5.59 billion, 16% lower than the second quarter of 2007 and 9% higher than the first quarter of 2008.
Net revenues in Asset Management and Securities Services were $2.15 billion, 18% higher than the second quarter of 2007 and 5% higher than the first quarter of 2008.
Compensation and benefits expenses were $4.52 billion, 7% lower than the second quarter of 2007, commensurate with lower net revenues
GS shares were higher in pre-market trading.
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