Goldman profit blows past estimates on trading surge

(Reuters) – Goldman Sachs Group Inc (N:) reported higher quarterly profit on Wednesday, driven by strength its core bond trading and underwriting businesses.

The bank’s net earnings applicable to common shareholders rose 2% to $ 2.25 billion in the quarter ended June 30. Earnings per share rose to $ 6.26 from $ 5.81 a year earlier.

Analysts had expected a profit of $ 3.78 per share, on average, according to the IBES estimate from Refinitiv. It was not immediately clear whether the estimates were comparable with the reported number.

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