By Sital S. Patel
NEW YORK (MarketWatch) -- Goldman Sachs Group. Inc. GS +1.81% said Tuesday its second-quarter net earnings were $1.93 billion, or $3.70 a share, from $962 million, or $1.78 a share, in the second quarter in 2012. Net profit applicable to common shareholders rose to $1.86 billion, from $927 million. Revenue rose to $8.61 billion from $6.63 billion a year earlier. Analysts surveyed by FactSet expected the firm to report earnings of $2.79 a share on revenue of $7.95 billion. The firm reported investment banking revenue was up 29% to $1.55 billion, compared to the second quarter of 2012. "While the operating environment has shown noticeable signs of improvement, we continue to put a premium on disciplined risk management, particularly in regard to the firm's strong capital and liquidity levels," said Goldman Sachs Chief Executive Lloyd Blankfein in a statement. Goldman Sachs shares were up nearly 1% in premarket trading.
