• July 19, 2018
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Goldman Sachs reports 2018 Q2 financial results

The Goldman Sachs Group, Inc. reported net revenues of $9.40 billion and net earnings of $2.57 billion for the second quarter ended June 30, 2018. Net revenues were $19.44 billion and net earnings were $5.40 billion for the first half of 2018.

Diluted earnings per common share (EPS) were $5.98 for the second quarter of 2018 compared with $3.95 for the second quarter of 2017 and $6.95 for the first quarter of 2018, and were $12.93 for the first half of 2018 compared with $9.10 for the first half of 2017.

Annualized return on average common shareholders’ equity (ROE)  was 12.8% for the second quarter of 2018. Annualized ROE was 14.1% for the first half of 2018. Annualized return on average tangible common shareholders’ equity (ROTE) was 13.5% for the second quarter of 2018. Annualized ROTE was 14.9% for the first half of 2018.

“Solid performance across all of our major businesses drove the strongest first-half returns in nine years. With a healthy economic backdrop and deep client franchises, the firm is well-positioned to invest in attractive opportunities to meet the needs of our clients and continue to generate earnings growth.”

Lloyd C. Blankfein, Chairman and Chief Executive Officer

Re-disseminated by The Asian Banker