Goldman Sachs reported earnings on Wednesday.
Goldman said profits for the three months ending in June were pegged at $6.26 per share, up 7.7% from the same period last year and well ahead of the Street consensus forecast of $3.78 per share. Group revenues, Goldman said, surged 41% to $13 billion, smashing analysts' estimates of $9.75 billion.
“Our strong financial performance across our client franchises demonstrates the inherent benefits of our diversified business model. The turbulence we have seen in recent months only reinforces our commitment to the strategy we outlined earlier this year to investors," said CEO David Solomon. "While the economic outlook remains uncertain, I am confident that we will continue to be the firm of choice for clients around the world who are looking to reshape their businesses and rebuild a more resilient economy.”
Goldman also declared a quarterly dividend of $1.25 per share, payable on September 29, following a similar decision from JPMorgan, which declared a dividend of 90 cents per share following stronger-than-expected second-quarter earnings on Tuesday.
So, what surprised Jim Cramer about this quarter?
Watch the video above for more.
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