The U.S. leading investment bank, Goldman Sachs Group, Inc. reported Saturday net revenues of 10.18 billion U.S. dollars and net earnings of 2.33 billion dollars for its second quarter ended May 25.
Diluted earnings per common share were 4.93 dollars compared with 4.78 dollars for the same time last year and 6.67 dollars for the first quarter this year, the company said in its latest announcement.
Annualized return on average tangible common shareholders' equity was 31.2 percent for the second quarter and 37.8 percent for the first half of 2007.
For the first half of the year, Goldman Sachs generated record diluted earnings per common share of 11.61 dollars, 18 percent higher than its previous record.
Investment banking produced record quarterly net revenues of 1. 72 billion dollars and ended the quarter with its transaction backlog at a record level.
Equities generated its second highest quarterly net revenues of 2.50 billion dollars, reflecting strength across all major businesses.
Asset management generated record management and other fees of 1.04 billion dollars, Assets under management increased 28 percent from a year ago to a record 758 billion dollars, with net asset inflows of 18 billion dollars during the quarter.
Security services achieved record net revenues of 757 million dollars 15 percent higher than its pervious record.
Source: Xinhua
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