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Goldman Sachs had a great quarter … if you ignore legal costs

Goldman Sachs Group Inc\'s profit more than halved in the second quarter as trading revenue weakened and litigation provisions soared. But chief executive Lloyd Blankfein said many of Goldman's businesses are thriving.

Goldman Sachs reported second quarter earnings on Thursday that came in stronger than expected… if you ignore legal costs.

The bank reported earnings per share of $1.98 on revenue of $9.07 billion.

Excluding attorney\’s fees, adjusted earnings per share were $4.75.

Analysts were expecting adjusted earnings per share of $3.97 on revenue of $8.77 billion, according to Bloomberg.

“While uncertainty within the EU weighed on investors\’ level of conviction, many of our businesses continued to benefit from generally improving economic conditions and healthy client activity,” said CEO Lloyd Blankfein inside a statement.

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