Tags: Goldman | sachs | earnings | profit

Goldman Revenue More Than Doubles on Investment Gains

Tuesday, 16 Oct 2012 07:53 AM

 

Goldman Sachs Group Inc reported a third-quarter profit versus a loss a year before, as revenue more than doubled due to gains in stocks and bonds it holds as investments and due to a sharp rise in investment banking revenue.

The investment bank reported earnings of $1.5 billion, or $2.85 per share, applicable to common shareholders, compared with a loss of $428 million, or 84 cents per share, a year earlier. Net revenue rose 133 percent to $8.35 billion from $3.6 billion.

Goldman also raised its quarterly dividend to 50 cents per share from 46 cents per share.

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved