Goldman Sachs Q2 Profit Soars 78% on Record Revenue, Beating Estimates
Goldman Sachs posted record second-quarter results, with earnings per share of $20.98 easily surpassing the $14.48 consensus, and revenue of $20.34 billion rising 39% year-over-year. Profit surged 78%, fueled by a trading rally and robust investment banking, while assets under supervision hit $4.04 trillion on $230 billion in net inflows. The strong earnings arrived alongside cooler-than-expected inflation data, lifting the S&P 500 and Nasdaq. Analysts raised forecasts after the beat, though some caution about Middle East tensions and the durability of trading gains remains. Goldman shares rose on the news.
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