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Financial Winners & Losers: Goldman Sachs

Stock quotes in this article: GS , CIT , BAC , JPM , WFC , C , MS  

(Updated with final closing prices throughout)

Financial stocks ended mixed Tuesday even after Goldman Sachs (GS Quote) handily beat expectations with its second-quarter earnings report.

Goldman Sachs said it earned $3.44 billion, or $4.93 a share, in the second quarter, rising from $2.05 billion, or $4.58 a share, in the year-ago period. Results included a charge of 78 cents a share related to the bank's paying back Troubled Asset Relief Program funds. Excluding that, earnings were $5.71 a share. Revenue jumped 46% from a year ago to $13.76 billion, the bank said.

Analysts polled by Thomson Reuters expected Goldman Sachs to report second-quarter earnings of $3.54 a share on revenue of $10.7 billion. Goldman shares eked out a gain after a very choppy trading session, tacking on 22 cents, or 0.2%, to finish at $149.66. ...

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