Lloyd Blankfein

Goldman 2Q earnings jump, helped by lower legal expenses

Goldman Sachs' earnings jumped 78 percent from a year ago as the bank's legal expenses declined and some of its trading desks saw a surge of activity during Britain's vote to leave the European Union.

The bank was not immune to the volatility and uncertainty that plagued its rivals, however, and its advisory business and deal flow slowed.

The investment bank said Tuesday it had a second-quarter profit of $1.63 billion after dividends to preferred shareholders, or $3.72 per share, up from $916 million, or $1.98 per share, in the same period a year ago.

The results easily topped analysts' expectations, with analysts looking for $3.09 per share.