Live Oak Bancshares (NASDAQ:LOB) all posted stellar earnings results this quarter, and each of them beat analysts estimated earnings per share (EPS) by 47% or more. The three companies benefited as the economic reopening continues to play out, but they saw tailwinds from different aspects of the recovery.
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1. Goldman Sachs: Beat estimated EPS by 47%
Goldman Sachs posted EPS of $15.02, crushing analysts estimated EPS of $10.23. The investment bank reported net revenue of $15.4 billion, its second-highest quarterly result on record, which beat estimated revenue by 27%.
The company saw an impressive performance from its investment banking segment, due to strong mergers and acquisition (M&A) activity, as well as good equity underwriting activity. Goldman Sachs ranked first in the world in equity underwriting, with volume of $85 billion representing 10% of the volume market share. As a result, its investment banking segment pulled in $3.6 billion in net
3 Companies That Crushed Earnings Estimates This Quarter
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