Business

Goldman Sachs posts higher profit and revenue

By Washington Examiner
Published July 15, 2014 1:58pm ET
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Goldman Sachs posts higher profit and revenue
FILE - In this Aug. 19, 2013, file photo, stock traders work at the Goldman Sachs post at the New York Stock Exchange in New York. Goldman Sachs Group Inc. reports quarterly earnings on Tuesday, July 15, 2014. (AP Photo/Mark Lennihan, File) | Mark Lennihan

NEW YORK (AP) — Goldman Sachs said Tuesday that its quarterly profit rose 5 percent, helped by record results from investment banking.

Second-quarter net income climbed to $1.95 billion from $1.86 billion a year earlier, the bank said early Tuesday. That’s after paying dividends on preferred stock.

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