Goldman Sachs Q2 profit beats estimates on investment banking, wealth management strength
GS•Quarterly results beat estimates
Goldman Sachs said second-quarter profit beat analyst estimates, as revenue rose sharply and adjusted EPS also topped expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $20.34 bln | $16.13 bln (15 Analysts) |
| Q2 EPS | Beat | $20.98 | $14.48 (17 Analysts) |
| Q2 Net Income | $6.63 bln | ||
| Q2 ROE | 23.50% |
Dividend raised and analyst coverage
The company raised its quarterly dividend to $5.00 per share for Q3.
The current average analyst rating on the shares is hold, with 8 strong buy or buy, 14 hold and 2 sell or strong sell recommendations.
The average consensus recommendation for the investment banking & brokerage services peer group is buy.
Wall Street's median 12-month price target for Goldman Sachs Group Inc is $1,049.00, about 0.3% above its July 13 closing price of $1,045.91.
