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Goldman Sachs beats Wall Street forecasts amid stronger-than-expected trading revenue (GS)

Goldman Sachs beats Wall Street forecasts amid stronger-than-expected trading revenue (GS)
Richard Drew/AP



Goldman Sachs reported second-quarter earnings before the opening bell on Tuesday.




Both revenue and earnings per share beat Wall Street estimates.




The bank also reported equity sales-and-trading revenue that was above analyst expectations.




Watch Goldman Sachs trade live.




Goldman Sachs reported better-than-expected financial results for the second quarter of 2019 as equity sales-and-trading revenue beat analysts forecasts. The firm also exceeded consensus estimates for overall revenue and earnings per share.
Here are the key numbers:



Revenue: $9.46 billion, versus $8.8 billion expected




Earnings per share: $5.81, versus $4.93 expected




Equities sales & trading revenue: $2.01 billion, versus $1.79 billion estimated by analysts surveyed by Bloomberg




Fixed income sales and trading revenue: $1.47 billion, versus $1.58 billion expected



Investing and lending revenues rose to $2.53 billion, its highest level in eight years. Overall sales fell by 2% from the same period last year due to a drop in the firm's investment-management and investment-banking revenue.
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