Here’s a quick summary of key numbers from the results:
Net income rose 2 percent to $2.13 billion, or $5.02 a share, from $2.09 billion, or $4.88, a year earlier, the New York-based firm said Tuesday in a statement. The average estimate of 20 analysts surveyed by Bloomberg was for adjusted earnings of $4.25 a share. Companywide revenue climbed 2 percent to $8.33 billion, compared with the $7.51 billion estimate compiled from 17 analysts. Equity investments brought in $1.39 billion, or 17 percent of the total. Revenue from fixed-income, currencies and commodities trading declined 26 percent to $1.45 billion, the second-biggest drop among the five largest trading firms. Morgan Stanley earlier Tuesday posted a 21 percent decline to $1.17 billion. Equity trading revenue fell 7 percent to $1.67 billion, compared with analysts’ $1.7 billion estimate. Morgan Stanley, which wrested the No. 1 spot from Goldman in 2014, brought in $1.89 billion. Investment-banking revenue climbed 17 percent to $1.80, helped by a 38 percent surge in advisory revenue to $911 million. That was more than $150 million above what analysts estimated.
This article was provided by Bloomberg News.