Vladimír Urbánek (Kurzy.cz)
World markets  |  July 17, 2012 15:00:11

Goldman Sachs Profit in 2Q while decreased by 11%, but exceeded all estimates the market


Currently the fifth largest U.S. bank by total assets for Goldman Sachs 2Q of this year showed a profit decline of 11% to 962 mill.USD = $ 1.78 per share, which surpassed even the highest expectations.

Total revenue in 2Q banks declined by 9% to 6.63 mld.USD corresponding mezikvartálnímu decrease of 33%. The market, however, allowed for the income level of about 6.25 mld.USD. In the first half of the bank generated revenue at 16.6 mld.USD, which represents a decrease of 14%. Bank for the past 12 months has reduced the number of employees of the 3200th

The bank reported a decrease in the total cost Q2 down by 8% to 5.21 mld.USD. Volume of commissions, which traditionally cater to the largest share of total costs decreased by 9% to 2.92 mld.USD. In the first half of the volume of commissions reached a level 7.29% = 44% of all costs.The proportion per employee fell from 237.6 index year to $ 225.8.

Income from asset management banks in Q2 grew by 5% to 1.33 mld.USD, which exceeded market expectations mld.USD set to 1.18.

Division of investing and lending in Q2 produced 203 mill.USD mld.USD vs 1.04, respectively.

Income business unit increased year on year in Q2 by 11% to 3.89 mld.USD respectively decreased by 32% QoQ. Market yet allowed mld.USD 3.81 level.

Division and fixed income trading currencies and commodities revenues rose 37% year on year to 2.19 mld.USD respectively decreased by 37% QoQ.

Revenue Division securities trading income declined by 12% and 25% to 1.7 mld.USD.

Investment Banking Division reduced its annual revenue by 17% to 1.2 mld.USD, which exceeded market expectations set at approximately 957 mill.USD.

Revenues from consulting in mergers and acquisitions declined by 26% to 469 mill.USD. Proceeds from subscription of shares fell by 37% to 239 mill.USD. Proceeds from sale of bonds increased by 14% to 495 mill.USD.

The volume of bank assets under management increased during the 2Q 12 billion to a total of 836 mld.USD.

The bank's management said they put into practice other measures to reduce overall costs. During 2Q Bank bought shares worth 1.5 mld.USD.

Shares of banks responding to the report of the pre-commercial phase of growth by more than 2%. At the end of yesterday the title this year, attributed the appreciation of 8%.
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Zisk Goldman Sachs ve 2Q sice poklesl o 11%, ale překonal všechny odhady trhu

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