Investing.com - The Goldman Sachs Group (NYSE:GS) posted better-than-expected earnings results for the second quarter ahead of the opening bell on Tuesday, sending shares higher in the pre-market.
The largest U.S. investment bank said earnings per share came in at $4.10, easily surpassing expectations for earnings of $3.09 per share.
The firm’s second quarter revenue totaled $9.13 billion, beating estimates for revenue of $7.98 billion.
Net revenues in Investment Banking were $1.78 billion for the second quarter of 2014, 15% higher than the second quarter of 2013 and essentially unchanged compared with the first quarter of 2014.
“We are pleased with our results for the quarter in the context of mixed operating conditions during the period”, said Lloyd C. Blankfein, Chairman and Chief Executive Officer.
Shares of Goldman (NYSE:GS) were up 2% in pre-market trade following the upbeat results.
Meanwhile, the outlook for U.S. equity markets was modestly higher. The Dow futures indicated a gain of 0.15%, the S&P 500 pointed to a rise of 0.1%, while the Nasdaq 100 indicated an increase of 0.1%.
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