Goldman Sachs tops estimates on better-than-expected fixed income trading
- Goldman Sachs reported a 150% increase in second-quarter profits, attributed to a resurgence in dealmaking and underwriting, reviving investment banking after a slowdown.
- Investment banking fees rose by 21%, with a significant increase in debt underwriting fees contributing to the growth.
- The fixed income, currencies, and commodities trading division of Goldman Sachs saw a 17% revenue increase from the previous year.
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