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Wall Street’s Wild Ride Pays Off—Goldman’s Equities Desk Breaks Records

Updated: July 16, 2025 17:45

Image Source : Volante Technologies
Goldman Sachs announced a 22% rise in second-quarter profit to $3.7 billion or $10.91 a share, fueled by record levels of equities trading and a rebound in investment banking activity.
 
Key Highlights:
 
- Revenue from trading equities rose 36% to $4.3 billion in tariff-induced market volatility

- Fixed income, currencies, and commodities earned $3.47 billion, 9% more than a year earlier

- Investment banking fees increased 26% to $2.19 billion, driven by advisory revenues despite deteriorating debt underwriting

- Asset and wealth management revenue declined 3% to $3.78 billion due to equity and debt weakness
 
Strategic Actions & Market Response:

- Goldman lost $384 million on credit losses, mostly on its credit card business

- It increased 23% year to date, ranking fifth in the S&P 500 financial index

- The bank survived the Fed's stress test and will increase its dividend by $1 per share from Q3
 
Sources: Reuters, US News, Yahoo Finance, Financial Times

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