Goldman’s profit doubles, helped by underwriting

NEW YORK • Goldman Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting. Profit was $1.9 billion after payments to preferred shareholders, compared with $927 million a year ago. Per share, those profits were $3.70. Analysts polled by FactSet had expected $2.83. Revenue was $8.6 billion, up 30 percent from $6.6 billion a year ago. That also beat the expectations of analysts, who had forecast $8 billion. In a statement, CEO Lloyd Blankfein called the quar...

Share this post