The US bank Goldman Sachs Group in the second quarter increased its net profit by 44% year-on-year to $2 billion 348 million. In earnings per share, profits were 5 dollars 98 cents, the analysts had predicted 4 dollars 65 cents per share. Revenue reached 9 billion 402 million dollars, increased by 19%. Analysts had expected the figure at 8 billion 700 million dollars. The investment banking division increased its revenue by 18%. Revenues from operations with fixed-income assets in the currency and commodity markets increased by 45%. As of June 30, the book value of Goldman Sachs increased by 4.1% in the quarter and by 7.4% since the beginning of the year to $194.37 per share.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...