"Net earnings rose 19% to $5.6 billion, and EPS came in at $17.55 versus the $16.34 consensus estimate, a meaningful beat by any measure."
"Equity trading revenue jumped 27% to a record $5.3 billion, surpassing Goldman Sachs's own prior Wall Street record set last quarter by $1 billion."
"Goldman Sachs's top lawyer has resigned, which has created significant disruption, overshadowing the strong earnings report."
Goldman Sachs reported a 19% increase in net earnings to $5.6 billion and a record equity trading revenue of $5.3 billion. Despite these impressive results, the stock dropped 4% due to a high-profile legal resignation related to Jeffrey Epstein, a miss in the fixed income division, and general investor caution ahead of a busy bank earnings week. CEO David Solomon highlighted the strong performance amid volatile market conditions, but external factors overshadowed the positive earnings report.
Read at 24/7 Wall St.
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