Goldman Sachs Stock Sees Boost from Abbot Financial Management Purchase

Abbot Financial Management Inc. recently acquired 1,131 shares of The Goldman Sachs Group Inc.'s stock in the second quarter, according to a recent SEC filing.

The transaction is valued at approximately $1,144,000 and marks a new position for Abbot Financial Management Inc.

Goldman Sachs reported strong earnings per share of $20.98 for the latest quarter, beating analyst estimates by $6.51.

The company's revenue also increased 39.4% year-over-year to $20.34 billion.