NEW YORK (AP) — Goldman Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting.
Profit was $1.9 billion after payments to preferred shareholders, compared with $927 million a year ago.
Per share, those profits were $3.70. Analysts polled by FactSet had expected $2.83.
Revenue was $8.6 billion, up 30 percent from $6.6 billion a year ago. That also beat the expectations of analysts, who had forecast $8 billion.
Goldman's stock rose $1.32, or 1 percent, in pre-market trading to $164.20.