The upbeat bank earnings season continued on Tuesday as Goldman Sachs Inc (NYSE:GS) reported better-than-expected second quarter numbers.
The revered investment bank unveiled earnings per share of US$3.72 on revenue of US$7.9bn despite what it described as uncertainty caused by 'Brexit'.
Goldman joined the likes of JP Morgan Chase & Co and Citigroup Inc in topping hopes.
Chairman Lloyd Blankfein said: "We achieved solid results by continued to serve our clients across our diversified franchise and by managing the business efficiently."
Goldman cut staff numbers by 5% in the second quarter and pay fell by 13%, which the bank blamed on lower revenue.
Investment banking income was US$1.8bn during the period, down against the same time a year ago, but revenue from fixed income, currency and commodity trading was 20% up at US$1.93bn.
Shares in Goldman fell US$0.85, or 0.52%, to US$162.48 in early Wall Street trading.