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More on Goldman Sachs Q2: Institutional, investing & lending revenue fall vs Q1

Published 07/17/2018, 08:13 AM
© Reuters.  More on Goldman Sachs Q2: Institutional, investing & lending revenue fall vs Q1
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  • Goldman Sachs (NYSE:GS) falls 0.9% in premarket trading as revenue from institutional client services, and investing & lending fell from Q1.
  • Investment banking net revenue $2.05B, its third highest quarter, up 14% from Q1, and 18% higher than a year ago; reflects strong net revenue in financial advisory and underwriting.
  • Financial advisory net revenue $804M, up 37% from Q1 and up 7% from a year ago..
  • Equity underwriting net revenue $489M, up 19% from Q1 and up 88% from a year ago.
  • Debt underwriting net revenue $752M, down 6% from Q1 and up 4% from a year ago.
    • Institutional client services net revenue $3.57B, 19% lower than Q1 and 17% higher than a year ago.
  • Fixed Income, Currency and Commodities Client Execution $1.68B, down 19% from Q1 and up 45% from a year ago.
  • Equities net revenue $1.89B, down 35% from Q1 essentially unchanged from a year ago.
    • Investing & lending net revenue $1.94B, down 7% from Q1, up 23% from a year ago.
  • Equity securities net revenue $1.28B, up 20% from Q1, and up 9% from a year ago.
  • Debt securities and loans net revenue $663M, down 35% from Q1, up 67% from a year ago
    • Investment management net revenue $1.84B, 4% higher than Q1 and up 20% from a year ago; total assets under supervision rose $15B during the quarter to $1.51T, with $8B of long-term net inflows partly offset by net market depreciation of $3B.
    • Source: Press release
    • Previously: Goldman Sachs beats by $1.32, beats on revenue (July 17)
    • Now read: Prologis FFO in-line, misses on rental revenue


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