- Investment Banking revenue of $1.73B down 3% Y/Y. Financial advisory revenue of $749M down 6% thanks to lower M&A; underwriting revenue of $981M about flat.
- Institutional Client Services revenue of $3.05B down 17% Y/Y. FICC revenue of $1.16B down 40% - "a challenging environment characterized by low levels of volatility, low client activity and generally difficult market-making conditions."
- Investing & Lending revenue of $1.58B up 42% Y/Y.
- Investment Management revenue of $1.53B up 13% Y/Y.
- Comp and benefits expense of $3.23B down 3% Y/Y; ratio to revenue of 41% vs. 42% a year ago.
- CET 1 ratio of 13.9% down 30 basis points during the quarter. Tangible book value per share of $177.20. 6.6M shares bought back during quarter for $1.47B.
- Conference call at 9:30 ET
- Previously: Goldman Sachs beats by $0.56, beats on revenue (July 18)
- GS -0.9% premarket
- Now read: In Case Goldman Sachs Cracks
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Goldman tops, but trading revenue tumbles 40%; shares down 0.9%
Published 07/18/2017, 07:52 AM
Goldman tops, but trading revenue tumbles 40%; shares down 0.9%
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