Goldman Sachs Share Price Surges Amid Record Revenue

Poehling Capital Management INC. has reduced its stake in The Goldman Sachs Group, Inc.

The firm's holdings in Goldman Sachs were worth $730,000 at the end of the second quarter after it sold 4,705 shares during the period.

Goldman Sachs reported a quarterly revenue of $20.34 billion, up 39.4% from the same period last year and beating analyst estimates of $16.22 billion.

The company's share price opened at $1,034.85 on Thursday, with a market cap of $301.32 billion and a price-to-earnings ratio of 15.97.