Goldman Sachs smashed profit expectations as dealmaking and equities trading hit records |
Goldman Sachs smashed profit expectations as dealmaking and equities trading hit records
The bank's equities unit brought in $7.42 billion, its third consecutive all-time record, while investment banking fees climbed 55%
Michael Nagle/Bloomberg via Getty Images
Goldman Sachs $GS reported second-quarter earnings of $20.98 per diluted share on Tuesday, a figure that was roughly double the $10.91 per share the bank earned in the year-ago period, as a surge in equities trading and dealmaking drove records across the firm.
Total net revenue reached $20.34 billion for the three months ended June 30, up 39% from a year earlier, the company said. Net earnings came in at $6.63 billion, compared with $3.72 billion in the second quarter of 2025. Analysts had expected........