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One of the largest US banks, Goldman Sachs Group Inc., increased its profit in 2018 2.4 times. Net income during the earnings period exceeded $10 billion. Profit from shareholders increased 2.7 times last year to $9.86 billion. Net diluted earnings were $25.27 per share versus $9.01 last year. Goldman Sachs revenue and bank operating expenses rose 12%. The net profit of the organization in the 4th quarter of 2018 exceeded $2.5 billion. A year earlier, the bank recorded a loss of $1.928 billion. Diluted earnings per share totaled $6.04; last year, quarterly results showed a loss of $5.51. Revenue for the quarter decreased by 1% to $8.08 billion, although experts predicted a figure of $7.5 billion. New CEO, David Solomon, assessed financial results as good, despite difficulties in the brokerage business in 2018.
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 ...
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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