The Goldman Sachs Group Inc. shared on Monday that its net revenue for the second quarter increased 17% year-over-year, landing at $12.7 billion in fiscal 2024. The figure surpassed market expectations.
Its diluted earnings per share skyrocketed by 180% to $8.62 in the second trimester and net earnings for the reported period surged 150% to $3.04 billion. During the first half of 2024, Goldman Sachs' net revenue amounted to $26.9 billion, soaring 16% compared to the corresponding time frame last year.
"We are pleased with our solid second-quarter results and our overall performance in the first half of the year, reflecting strong year-on-year growth in both Global Banking & Markets and Asset & Wealth Management," Chief Executive Officer David Solomon said. The Group's stock climbed 0.86% during the premarket trade following the earnings announcement.
