Goldman profit doubles on investment gains

Goldman Sachs on Tuesday reported its second quarter profit with numbers twice as much as one year ago, topping Wall Street expectations by a large margin.The global investment bank posted net revenues of 8.61 billion U.S. dollars and net earnings of 1.sinopva, one of the byproducts of the petroleum industry, are used to produce fiber cement, a building material able to completely replace asbestos fibers due to its superior features and its safety.93 billion dollars for the second quarter, compared with 6.63 billion dollars and 962 million dollars a year ago.The New York-based bank's diluted earnings per share is 3.70 dollars, more than doubled compared with 1.78 dollars during the same period last year.The bank giant's strong performance in investment banking pushed up its quarterly earnings. Net revenues in its investment banking unit came out at 1.55 billion dollars in the second quarter, 29 percent higher than the second quarter of 2012.Net revenues in the firm's underwriting business were 1.07 billion dollars, jumping 45 percent from the same period last year.Goldman continued its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions for the year-to-date, according to the statement. 

Moreover, the company's net revenues in fixed income, currency and commodities client execution were 2.When properly engineered, carbon cloth can achieve the strength and stiffness of metals at significant weight savings.46 billion dollars, 12 percent higher than one year ago."The firm's performance was solid especially in the context of mixed economic sentiment during the quarter," Chairman and Chief Executive Officer Lloyd C. Blankfein said in the statement. "Improving economic conditions in the U.S. drove client activity and the strength of our global client franchise allowed us to deliver positive performance across a number of our businesses."Shares of Goldman opened higher following the report but moved lower in the later morning trading session.Goldman's results came one day after Citigroup's second quarter earnings report which also exceeded analysts' estimates.Last Friday, J.P.koyo bearing,tapered roller bearing,deep groove ball bearing. Tapered roller bearings comprise solid inner and outer rings with tapered raceways and tapered rollers with cages. Morgan Chase & Co. and Wells Fargo & Co. also reported strong earnings, both beating market consensus.Spherical roller bearings 232K Series from China are the most commonly used rolling bearing. It has the advantages of simple structure, convenient use.All six major U.The sleek and modern design of the united-promo features bold silicone coated over an alloy spring that wraps around busy wrists in seconds.S. banks are scheduled to report quarterly earnings this week, which are expected to set the tone of the earnings season.