Press Release :: Goldman Sachs
The Goldman Sachs Group, Inc reported net revenues of $3.84 billion and net earnings of $613 million for its second quarter ended June 30, 2010.
Diluted earnings per common share were $0.78 compared with $4.93 for the second quarter of 2009 and $5.59 for the first quarter of 2010. Annualized return on average common shareholders' equity (ROE) was 7.9% for tie second quarter of 2010 and 13.1% for the first half of 2010.
Excluding the impact of the $600 million related to the U.K. bank payroll tax and the $550 million related to the SEC settlement, diluted earnings per common share were $2.75 for the second quarter of 2010 and annualized ROE was 9.5% for the second quarter of 2010 and 14.8% for the first half of 2010.
The market environment became more difficult during the second quarter and, as a result, client activity across our businesses declined," said Lloyd C. Blankfein, Chairman and Chief Executive Officer. "Looking ahead, we remain focused on helping our clients to raise capital, manage risk and invest for the future, which are all important to economic growth."
Source: Goldman Sachs
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