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Goldman Sachs Group reported Tuesday, July 13th, a rise in second-quarter 2021 earnings, as the largest Wall Street investment bank benefited from record dealmaking activity globally.
Net profit attributable to common shareholders increased to $5.35 billion in the three months ended June 30, compared to $2.25 billion a year earlier.
Earnings per share rose to $15.02 from $6.26 a year ago, reversing analysts’ expectations of $10.24 per share, according to an estimate announced by Refinitiv.
The results received a boost from a favorable comparison a year ago, when the bank set aside more money to cover potential corporate loan losses due to the coronavirus pandemic.
