- Revenue $9.33bn vs $8.7bn exp
- EPS $4.02 vs $3.49 exp
- Net earnings $2.03bn
- Investment banking revenues highest quarter since 2007 at $1.78bn, +13%
- Fixed income, currency and commodity revenues 11% lower y/y at $2.85bn
- Equity revs 17% lower at $1.60bn
- Litigation provisions $115m
“We are generally pleased with our performance for the quarter given the operating environment. Investment banking and investment management generated solid results, while market sentiment shifter throughout the quarter, constraining client activity in various parts of our franchise. Our collection of businesses gives the firm significant room for growth as economic conditions broadly improve and we continue to remains focused on prudently managing our capital cost structure ” Said CEO Lloyd Blankfein
Another decent report from one of the big boys and goes against the poor results from JPM. Shares we’re up 2.6% early doors.
