Goldman Sachs earnings rise in Q2

Bank's net income rises more than two thirds but revenues fall

NEW YORK (AA) – Earnings at Goldman Sachs rose 73.3 percent in the second quarter, the bank announced Tuesday.

Net income rose to $1.82 billion from $1.05 billion during the same quarter a year ago.

Revenues fell to $7.93 billion from $9.07 billion, marking a 12.6 percent decline.

"Despite the uncertainty created by Brexit, we achieved solid results by continuing to serve our clients across our diversified franchise and by managing our business efficiently,” Lloyd Blankfein, Chairman and Chief Executive Officer, said in a statement.

Following the earnings report, shares of Goldman Sachs rose 0.5 percent, from $163.33 in the previous close on Wall Street, to as high as $164.08 before losing 1.8 percent to $161.14.

Kaynak:

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