Finance & Currencies
Goldman Sachs profit rises sharply on trading and deal activity
Goldman Sachs reported stronger second-quarter results, helped by active trading businesses and higher revenue linked to mergers and underwriting. The New York investment bank said profit for the quarter was $6.4 billion, up 84 percent from a year earlier. Revenue rose 39 percent to $20.3 billion.
The bank reported gains across most of its global banking and markets division. Equities revenue rose 72 percent to $7.4 billion. Goldman Sachs also said fixed-income revenue was significantly higher, mortgage revenue was higher and currency revenue was slightly higher.
Advisory fees increased for initial and secondary public offerings, debt underwriting and completed mergers and acquisitions. Chief Executive David Solomon said the bank expected activity to continue, citing its pipelines. Goldman Sachs shares were up 2.3 percent in pre-market trading.
Update
Equities revenue rose 72 percent to $7.4 billion.
Goldman Sachs reported significantly higher fixed-income revenue, higher mortgage revenue and slightly higher currency revenue.
Advisory fees rose for initial and secondary public offerings, debt underwriting and completed mergers and acquisitions.
Chief Executive David Solomon said he expected activity to continue based on the firm's pipelines.
Goldman Sachs shares rose 2.3 percent in pre-market trading.
Source note: AFP news report published on 14 July 2026 at 12:07:36 UTC.
Update
Goldman Sachs reported second-quarter profit of $6.4 billion.
Profit was up 84 percent from the year-earlier level.
Revenue rose 39 percent to $20.3 billion.
The results were helped by trading activity and increased revenue tied to mergers and underwriting.
Source note: AFP news report published on 14 July 2026 at 11:52:17 UTC.
Source
AFP news report published on .