NEW YORK CITY (dpa-AFX) - Goldman Sachs Group, Inc. (GS) reported Wednesday that net earnings applicable to common shareholders for the second quarter grew to $3.47 billion or $10.91 per share from $2.89 billion or $8.62 per share in the prior-year quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $9.68 per share for the quarter. Analysts' estimates typically exclude special items.
Provision for credit losses for the quarter was $384 million, up 36 percent from $282 million last year.
Total net revenues for the quarter grew 15 percent to $14.58 billion from $12.73 billion in the same quarter last year. Analysts expected revenue of $13.54 billion for the quarter.
Net interest income for the quarter surged 56 percent to $3.10 billion and total non-interest revenues increased 7 percent to $11.48 billion from last year.
On Monday, the Board of Directors of The Goldman Sachs Group, Inc. increased the quarterly dividend by 33 percent to $4.00 per common share from $3.00 per common share, payable on September 29, 2025 to common shareholders of record on August 29, 2025.
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