NEW YORK CITY (dpa-AFX) - Goldman Sachs Group Inc. (GS) reported Tuesday
that net earnings applicable to common shareholders for the second quarter
surged to $2.89 billion or $8.62 per share from $1.07 billion or $3.08 per share
in the prior-year quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report
earnings of $7.64 per share for the quarter. Analysts' estimates typically
exclude special items.

Provision for credit losses for the quarter was $282 million, compared to $615
million last year.

Total net revenues for the quarter grew 17 percent to $12.73 billion from $10.90
billion in the same quarter last year. Analysts expected revenue of $11.40
billion for the quarter.

On Friday, the Board of Directors of The Goldman Sachs Group, Inc. declared a 9
percent higher dividend of $3.00 per common share to be paid on September 27,
2024 to common shareholders of record on August 30, 2024.

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