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Goldman's quarterly profit jumps on trading surge
Trading revenue surged 72% and investment-banking fees rose 55% as market volatility and record M&A lifted results, Goldman Sachs said.
- On Tuesday, Goldman Sachs reported higher second-quarter profit as dealmaking accelerated and market volatility from Middle East turmoil boosted the equities business to a record.
- A surge in $10-billion-plus "mega-deals" drove global M&A volumes to record levels in the first half of 2026, according to LSEG data, helping investment banks such as Goldman earn advisory fees.
- Total profit for the bank reached $6.63 billion, while investment banking fees rose 55% to $3.40 billion and equities revenue surged 72% from a year ago.
- Goldman's asset and wealth management revenue rose 20% to $4.60 billion, with the private credit fund keeping second-quarter repurchase requests below its 5% cap earlier this month.
- CEO David Solomon said "momentum has accelerated throughout our businesses," as investors parse Tuesday's earnings to gauge bank stock stability amid fears of artificial intelligence disruption affecting the industry.
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Goldman Sachs profit tops estimates on trading boom, corporate deal spree
·London, United Kingdom
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“Clients rely on us to execute their most strategic and important transactions,” said David Solomon, CEO of the group, in the press release. “And judging by what we are seeing in the order books, this momentum should continue,” he added. The Global Banking and Markets (GBM) division saw its revenue jump 53% year-over-year to $15.52 billion. It alone accounts for three-quarters of total revenue, which peaked at $20.34 billion for the quarter. Fa…
·Issy-les-Moulineaux, France
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Goldman Blows Past Stock-Trading Records With $7.42 Billion Boon
Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.
·New York, United States
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Total News Sources24
Leaning Left2Leaning Right2Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 16%
C 69%
15%
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