Goldman Sachs Smashes Estimates - Presented by: The Aol. On Network

Goldman Sachs' huge jump in investment banking revenue reflects the recovery in the U.S. economy. It helped more than double the securities firm's second quarter earnings to $1.9 billion dollars and smash Wall Street's estimates for profit and revenues. Goldman's strength - its fixed income, currency and commodities business - faced a challenging period as interest rates rose. But strength in currencies and commodities helped boost those revenues 12 percent.



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