Goldman SACHS has reported net earnings of $2.03 billion and $9.13 billion revenue in the second quarter of 2014. The operating expenses earned by the company this year in the second quarter were $6.30 billion, 6% higher than the second quarter of 2013.
Revenues Generated In The Second Quarter Of 2014
This year, Goldman SACHS has managed to record $4.01 diluted earnings per common share, an increment has been highlighted, when compared with the prior year amount, which was $3.70 per diluted share. For both the quarters of 2014 the ROE recorded was 10.9%. Goldman SACHS investment banking sector has generated $1.78 billion net revenue for the second quarter of 2014 and this showed an increment of 15%, compared to the prior year earnings. Financial advisory and underwriting has managed to earn $506 million and $1.28 billion, 20% higher than the previous year.
In the institutional client services, $ 3.83 billion is the amount of revenue generated by the company this year 2014 by Goldman SACHS, when compared to the last ear revenue amount, decrement of 11% is recorded in the second quarter and difference of 14% from the first quarter of 2014. Net revenues in currency and commodities client execution, fixed income were $2.22 billion, when compared to the last year progress in this section a difference of 10% was recorded. In the equity section $1.61 billion, 13% lower than the prior year revenue was generated. $2.07 billion was the amount, Goldman SACHS has generated in the investing and lending section this year in the second quarter of 2014. The revenue earning for the investing and lending section has been increased 46% this year same quarter and 36% higher than the first half of 2014.From debt securities and loans Goldman SACHS had managed to generate $604 million and the other net revenues of $215 million, which is related to the consolidated investments of the firm.
Net revenues in Investment Management were $1.44 billion this year in the second quarter and this amount is 8% higher than the second quarter of the prior year and 8% lower than the first quarter of 2014. The main reason behind this increment was due to the higher management reflecting higher average assets under supervision. The assets under supervision was increased by $59 billion to $1.14 trillion. Assets under long term supervisions were increased by $44 billion, in the section of fixed income assets, net inflows generated by the company were $21 billion. Goldman SACHS had increased the liquidity products ratio by $15 billion this year.