Goldman Sachs: Q2 Earnings Insights

Shares of Goldman Sachs Group (NYSE:GS) moved higher by 3.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 7.75% over the past year to $6.26, which beat the estimate of $3.78.

Revenue of $13,295,000,000 up by 40.52% year over year, which beat the estimate of $9,730,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 15, 2020

Time: 09:30 AM

ET Webcast URL: https://www.goldmansachs.com/investor-relations/index.html

Price Action

Company's 52-week high was at $250.46

Company's 52-week low was at $130.85

Price action over last quarter: Up 22.18%

Company Overview

Goldman Sachs is a global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (40% of net revenue), asset management (25% of net revenue), and consumer and wealth management (15% of net revenue) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. In 2008, Goldman reorganized itself as a financial holding company regulated by the Federal Reserve System.