Goldman Sachs Group Inc reported a record breaking second quarter for revenue on Tuesday as its trading division delivered strong results.
Revenue at the New York-based bank jumped 46 percent to $13.8 billion compared to the same period last year. Net earnings grew 65 percent to $3.43 billion compared to a year ago.
Revenue at its Trading and Principal Investments grew 93 percent to $10.8 billion, with the biggest gains coming from the unit’s Fixed Income, Currencies and Commodities division.
Investment banking revenue saw a 15 percent drop to $1.44 billion.
Asset Management and Securities Services revenue fell 30 percent to $922 million.
Diluted earnings per common share were $4.93 compared with $4.58 in the year ago period.
Goldman earned $4.93 a share, excluding extraordinary items, beating a consensus forecast of $3.39, Reuters reported.