The Strategist

Goldman Sachs first-half net profit rises 9.1 times

07/14/2021 - 03:46

US banking giant Goldman Sachs Group Inc.'s net profit attributable to shareholders rose 9.1 times year-on-year to $12.058 billion in the first half of 2021, the bank said in a statement.
Diluted earnings per share were $33.64 compared to $3.66 a year earlier. The bank's revenue for the reporting period was $33.092 billion, an increase of 1.5 times.

Goldman Sachs' net profit attributable to shareholders rose 27 times year on year to $5.347 billion at the end of the second quarter. Diluted earnings per share were $15.02, up from $0.53 a year earlier. 

Analysts had expected earnings of $9.96 per share. The bank's revenue was $15.388 billion (up 16%). Analysts had expected a figure of $12.04 billion.

Goldman Sachs was founded in 1869 in New York. The main activities of the bank are investment banking, stock trading, and asset and securities management.


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