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Goldman's Q2 net earnings rise, revenues fall YOY

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Goldman's Q2 net earnings rise, revenues fall YOY

reported second-quarter net earnings applicable to common shareholders of$1.63 billion, or $3.72 per share, up from $916 million, or $1.98 per share, inthe year-ago period.

The S&P Capital IQ consensusGAAP EPS estimate for the quarter was $3.03.

Net revenues, including netinterest income, for the quarter were$7.93 billion, down from $9.07 billion in the second quarter of 2015.

The company posted investmentbanking revenues of $1.79 billion forthe quarter, down 11% from $2.02 billion in the year-ago quarter.

More details to follow.