The banker’s financial result for the current quarter disclosed that its net income also stood at $1.93bn, while diluted earnings per common share were $3.7 against $1.78 for the second quarter of 2012.
Commenting on the result, Goldman chairman and CEO Lloyd Blankfein said, "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."
The firm said that its annualized return on average common shareholders’ equity (ROE) was 10.5% for the second quarter of 2013 and 11.5% for the first half of 2013.
Goldman investment banking division’s net revenues increased by 29% to $1.55bn, compared to $1.2bn during the corresponding period earlier year.
For the latest quarter period ended on 30 June 2013, net revenues in institutional client services division stood at $4.31bn, with an increase of 11% from $3.88bn during the comparable period last fiscal.
Investing & lending division net revenues were $1.42bn for the second quarter of 2013, while net revenues in investment management were $1.33bn, essentially unchanged against the second quarter of 2012.
Tier 1 capital ratio was 15.6% and the firm’s Tier 1 common ratio was 13.5% as of 30 June 2013, up from 14.4% and 12.7%, respectively, as of 31 March 2013.
Established in 1869 and headquartered in New York, the company manages offices in all major financial centers globally, and caters investment banking, securities and investment management services to corporations, financial institutions, governments and high-net-worth individuals.
