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Goldman Sachs beats quarterly estimates

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Goldman Sachs reported better-than-expected financial results in the second quarter.

Profits increased by 22% to $3.72 billion, or $10.91 per share. Analysts expected $9.53 per share.

Revenue was up 15% to $14.6 billion. Analysts projected $13.5 billion in revenue for the quarter.

Read more from CNBC.

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