Goldman Sachs Group Inc. posted record second quarter earnings as revenue from trading and stock underwriting delivered all time high 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.
U.S. stocks managed modest gains on Tuesday as better-than-expected corporate profits overshadowed concerns about weak consumer demand.
Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.
U.S. stocks managed modest gains on Tuesday as better-than-expected corporate profits overshadowed concerns about weak consumer demand.
Stocks were stuck in a narrow range on Tuesday as positive corporate results were tempered by concern that consumer demand remains weak.
Goldman reports soaring 2Q profits, Treasury Sec. says economy improving quicker than expected, J&J beats expectations
Oil prices rose by around 1 percent to above $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's falls.
Jailed author of the biggest Ponzi scheme in U.S. history is on his the move again. He is currently being transferred from a medium security prison in Atlanta to an undisclosed location, according to the Federal Bureau of Prisons, CNN reported. Madoff arrived at the Atlanta prison on Tuesday after he was moved from his New York jail cell.
Stocks fell on Tuesday, weighed by data pointing to weak consumer demand and by profit-taking in banks after a run-up in anticipation of strong results from Goldman Sachs Group .
Goldman Sachs' strong second-quarter earnings were a result of basic blocking and tackling for the firm, the Wall Street bank's chief financial officer said on Tuesday.
Oil prices rose by around $1 dollar to above $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's falls.
Goldman Sachs Group Inc reported a record breaking second quarter for revenue on Tuesday as its trading division delivered strong results.
Goldman Sachs Group Inc reported a 33 percent rise in quarterly earnings Tuesday on strong trading results, continuing an extraordinary rebound from the near meltdown of the U.S. financial sector last fall.
Stocks opened little changed on Tuesday as investors paused following a strong run-up in the previous session and after government data pointed to a slower than expected recovery in consumer spending in June.
Stocks headed for a flat open on Tuesday as government data pointing to a slower than expected recovery in consumer spending fueled caution even after strong quarterly earnings from Goldman Sachs Group
Goldman Sachs is expected to report 2Q earnings today. The bank reported a profit of $1.8 billion in the first quarter after earning strong revenues from its fixed income, commodities and currencies trading division. Shares are expected to rise as the markets open.
Goldman Sachs Group Inc reported a 33 percent rise in quarterly earnings on Tuesday as a strong gain in trading was offset by a one-time charge to repay government loans.
Goldman Sachs Group Inc on Tuesday reported second-quarter earnings.
Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.
Stock index futures rose on Tuesday as investors bet that quarterly earnings from Goldman Sachs Group would kick off a strong reporting season for financial companies, offsetting caution over the looming release of June retail sales.
Stock index futures were little changed on Tuesday as caution ahead of June retail sales offset hopes that Goldman Sachs will kick off a strong reporting season for financial companies.
U.S. stock index futures pointed to a stronger open on Wall Street on Tuesday, ahead of eagerly-awaited quarterly results from Goldman Sachs .
