{"id":68619,"date":"2022-07-18T16:39:00","date_gmt":"2022-07-18T12:39:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68619"},"modified":"2022-07-18T16:39:02","modified_gmt":"2022-07-18T12:39:02","slug":"goldman-sachs-profit-rises-23-to-11-86-billion-beating-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/goldman-sachs-profit-rises-23-to-11-86-billion-beating-expectations\/07\/18\/market-updates\/","title":{"rendered":"Goldman Sachs profit rises 23% to $11.86 billion, beating expectations"},"content":{"rendered":"\n<p>On Monday, July 18, Goldman Sachs reported earnings and revenue that beat analyst estimates, with fixed-income traders earning nearly $700 million more than expected.<\/p>\n\n\n\n<p>Second-quarter earnings fell 48 percent to $2.79 billion, or $7.73 per share, driven by lower industry-wide banking revenue. However, the results were more than a dollar higher than the average analyst estimate reported by Refinitiv.<\/p>\n\n\n\n<p>Revenue fell 23% to $11.86 billion, a $1 billion increase from analyst expectations, driven by a 55% rise in fixed income revenue.<\/p>\n\n\n\n<p>The bank&#8217;s fixed income operations generated $3.61 billion in revenue, exceeding StreetAccount&#8217;s estimate of $2.89 billion, as a result of &#8220;significantly higher&#8221; trading activity in interest rates, commodities and currencies.<\/p>\n\n\n\n<p>Goldman shares rose 4.1% in pre-market trading.<\/p>\n\n\n\n<p>Competitors, including JPMorgan Chase and Morgan Stanley, posted a sharp decline in advisory revenue in the second quarter. But another Wall Street competitor, Citigroup, saw a 25% jump in trading revenue that helped it beat earnings expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, July 18, Goldman Sachs reported earnings and revenue that beat analyst estimates, with fixed-income traders earning nearly $700 million more than expected. Second-quarter earnings fell 48 percent to $2.79 billion, or $7.73 per share, driven by lower industry-wide banking revenue. However, the results were more than a dollar higher than the average analyst &hellip;<\/p>\n","protected":false},"author":9,"featured_media":62495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,7238],"class_list":["post-68619","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-goldman-sachs"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68619"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68619\/revisions"}],"predecessor-version":[{"id":68620,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68619\/revisions\/68620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62495"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}