Goldman Sachs Posts Record $7.42 Billion Q2 Profit as Stock Trading Hits New High
Updated
Updated · Bloomberg · Jul 14
Goldman Sachs Posts Record $7.42 Billion Q2 Profit as Stock Trading Hits New High
3 articles · Updated · Bloomberg · Jul 14
Summary
$7.42 billion in second-quarter earnings gave Goldman Sachs a record quarter, driven by a stock-trading performance that surpassed the bank's previous highs.
Goldman's equities unit set an all-time revenue record for any bank for a third straight quarter as rising indexes and volatility tied to artificial intelligence and the Middle East fueled activity.
The latest three-month trading haul alone exceeded what Goldman made across all four quarters of 2019 combined, underscoring how sharply market conditions have lifted results.