Goldman Revenue More Than Doubles on Investment Gains

Tuesday, 16 Oct 2012 07:53 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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