

Goldman Sachs last Thursday launched an online consumer lending platform, marking another step towards consume retail banking for the firm. In the second quarter, the firm posted a big beat, reporting earnings per share of $3.72 ($3.08 expected) on revenue of $7.93 billion ($7.55 billion expected).

In the same quarter last year, Goldman missed expectations, citing "renewed concerns about global economic growth." It reported adjusted earnings per share of $2.64 ($3.00 expected) on revenue of $6.86 billion ($7.12 expected).

Total trading revenues came in at $3.75 billion ($3.39 billion expected), up 17% from the year-ago quarter and 2% from the second quarter.

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