Goldman Sachs Q2 Earnings

Another Solid Quarter for Goldman Sachs. The Bank smashed both the top and bottom line, reporting Q2 revenue of $9.40BN, above the consensus expectations of $$8.74BN, and 19.2% higher compared to Q2 2017 if modestly lower than the bumper Q1. EPS of $5.98 was over a dollar higher than the $4.66 consensus estimate, and far above the $3.95 reported one year ago, with the effective tax rate of just 19.4% certainly helping.

 Digging into the various revenue segments, the biggest upside surprise came in FICC, which surged 45% Y/Y to $1.68BN, up from $1.16BN a year ago, and modestly better than the $1.65BN expected.

Goldman's Investment banking revenue was also a positive surprise, rising 18.2% to $2.045BN from $1.73BN, and above the $1.84BN expected. 

Here below the Revenue of Goldman split by segment