Goldman Sachs Beats Estimates on Underwriting, Debt Gains
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Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
Second-quarter net income rose to $1.93 billion, or $3.70 a share, from $962 million, or $1.78, a year earlier, the New York-based company said today in a statement. That beat the $2.89 average estimate of 27 analysts in a Bloomberg survey.