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Investment in Goldman Sachs rose in the second quarter as a precautionary measure against financial management that led to a drop in sales bonuses that boosted Wall Street bank’s earnings in the first months of the Covid-19 epidemic.
Goldman’s total revenue was $ 15.4bn, 16% from a year earlier and ahead of experts’ predictions of $ 12.4bn, according to a Bloomberg report.
Profits per share were $ 15.02, up from $ 0.53 billion in the same quarter last year, while Goldman set aside $ 1.59bn in revenue for Covid-19. Researchers had predicted a price target of $ 10.14 per share for the quarter.
Helping to manage its finances is Goldman’s asset management business, which owns a private finance fund. The session also reported gains of $ 5.1bn, which increased by 144% last year and ahead of the $ 2.8bn forecast.
Payments to the savings bank increased as a result of a initiation in combination and get a job. The money he had in the bank was $ 3.6bn, up 36 percent a year and ahead of the estimated $ 3.1bn.
However, prices in the Goldman market are down 32% a year to $ 4.9bn in the second quarter as the vaccine raises confidence in U.S. investors and market volatility. Investigators had predicted a total of $ 5bn.
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