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Goldman doubles profit, helped by underwriting

Associated Press
In this Wednesday, Feb. 13, 2013, photo, Paul Cosentino, left, of Goldman Sachs and Patrick Armstrong of Prime Executions work on the floor of the New York Stock Exchange, in New York. Goldman Sachs reports quarterly earnings on Tuesday, July 16, 2013. (AP Photo/Henny Ray Abrams)
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In this Wednesday, Feb. 13, 2013, photo, Paul Cosentino, left, of Goldman Sachs and Patrick Armstrong of Prime Executions work on the floor of the New York Stock Exchange, in New York. Goldman Sachs reports quarterly earnings on Tuesday, July 16, 2013. (AP Photo/Henny Ray Abrams)

NEW YORK (AP) — Goldman Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting.

Profit was $1.9 billion after payments to preferred shareholders, compared with $927 million a year ago.

Per share, those profits were $3.70. Analysts polled by FactSet had expected $2.83.

Revenue was $8.6 billion, up 30 percent from $6.6 billion a year ago. That also beat the expectations of analysts, who had forecast $8 billion.

Goldman's stock rose $1.32, or 1 percent, in pre-market trading to $164.20.

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