Goldman, BofA profits top estimates
Two more big American banks posted results Tuesday that breezed past Wall Street’s targets. Goldman Sachs’ quarterly profit more than doubled to $4.4 billion, crushing analysts estimates.
Goldman did so well it completely absorbed the $3 billion hit to its annual profits stemming from the settlement with regulators over its role in Malaysia’s IMDB corruption scandal in which U.S. authorities say about $4.5 billion was siphoned from a Malaysian sovereign wealth fund founded in 2009 by then Malaysian prime minister Najib Razak.
Goldman got a boost from the fees it earned for underwriting high-profile IPOs like Airbnb and Doordash. That lifted its investment banking revenue 27%. Like other Wall Street banks, its trading revenue also soared as financial market volumes remained high.
Strength in the trading business also bolstered Bank of America. A 7% revenue increase at its sales and trading unit offset a drop in revenue in consumer banking that was partly caused by lower interest rates. Bank of America’s profit dropped but it was much better than what analysts had forecast.
The second largest U.S. bank is seen as an economic bellwether. In a sign of confidence in the economic recovery, the bank released $828 million from its credit reserves. Its board also approved a $3.2 billion share buyback program.
Shares of BofA and Goldman fell in early trading Tuesday.
相關影片推薦
- 3:592024「時尚奧斯卡」Met Gala直擊 Jennie秀性感蠻腰 千黛亞霸氣亮相 南非歌手首度登場 被「抱」上會場Yahoo奇摩(國際通)14,448 次觀看・6 小時前
- 1:34台荷混血三兄弟大哥扛家計 娶美嬌娘太平雲梯辦婚禮民視影音94,575 次觀看・1 天前
- 2:0250元硬幣怎分辨真假? 專家教你分辨真偽民視影音28,926 次觀看・2 天前
- 2:02停紅燈遭後車撞亡 業務員上班遇死劫獨留妻兒TVBS新聞網影音16,710 次觀看・3 天前
- 1:18直擊美龍捲風侵襲可怕瞬間 狂風驟起、屋頂被掀翻 行車記錄器全都錄Yahoo奇摩(國際通)10,787 次觀看・6 小時前
- 1:05這對南韓CP讓大家又相信愛情了! 曬出約會照粉絲激動:請原地結婚娛樂星聞5,084 次觀看・21 小時前
- 1:52可惡!花蓮西瓜農遭盤商剝削 價格對半砍民視影音33,873 次觀看・6 小時前
- 2:49帥老闆控女客跟騷4年 發「不自殺聲明」求助警華視影音240,552 次觀看・1 天前
- 1:21北市信義區女陳屍屋中估逾2週 警鎖定丈夫追查華視影音9,678 次觀看・3 天前
- 1:41都更後變無家可歸! 住戶拿70萬怨:廁所都買不到東森新聞影音152,318 次觀看・3 天前
熱門必看
- 12:49你是外向E人還是內向I人?水瓶座竟跌破大家眼鏡是I人無誤!?Ep.216-2唐綺陽談星室48,476 次觀看・1 週前
- 8:36上完課、開完會還是有聽沒有懂? 8分鐘學會用AI幫你統整重點!Yahoo創作摩人47,901 次觀看・1 週前
- 9:50【四驅車製作】#77 新三角箭ZMC 混碳版再次製作~ 等了四年啊!!! 爆走兄弟Let's & Go!! 四驅兄弟 ミニ四駆 NEO-TRIDAGGER ZMC 《曼仕德》雷達之星4,910 次觀看・1 週前
- 0:07台北馬來西亞餐廳推薦|#肉骨潘三八旅客,旅遊美食3,725 次觀看・1 週前
- 14:47全台唯一自動炒菜機烹飪的麻辣燙?! 多到蓋不起來的炸雞便當!超浮誇蛤蜊麵!桃園中壢|你不能錯過的高評價美食!我是馬鈴薯小姐雁靈34,635 次觀看・1 週前