Goldman Sachs (GS) Posts Q2 GAAP EPS of $1.98
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Goldman Sachs Reports Second Quarter Earnings Per Common Share of $1.98; Litigation Provisions Reduced Earnings Per Common Share by $2.77
July 16, 2015 7:35 AM EDTNEW YORK--(BUSINESS WIRE)-- The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $9.07 billion, net earnings of $1.05 billion and diluted earnings per common share of $1.98 for the second quarter ended June 30, 2015. Annualized return on average common shareholders equity (ROE) (1) was 4.8% for the second quarter of 2015 and 9.7% for the first half of 2015.
During the quarter, the firm recorded $1.45Â billion in net provisions for mortgage-related litigation and regulatory matters. These provisions reduced diluted earnings per common share for the second quarter of 2015 by $2.77, and reduced annualized ROE for the second quarter of 2015... More
