Goldman Sachs Q2 net income increased by 15% year-on-year, with stock trading revenue reaching a record high of $4.3 billion | Earnings Report Insights

Goldman Sachs' stock trading division achieved its best performance in company history in the second quarter, benefiting from the market volatility triggered by Trump's tariff policies. In this quarter, Goldman Sachs' stock trading revenue reached $4.3 billion, far exceeding analysts' expectations and contributing to the company's overall profit surpassing market expectations.

On the 16th, Goldman Sachs announced its second-quarter financial report:

• Second-quarter net revenue was $14.58 billion, a year-on-year increase of 15%.
• Second-quarter net profit was $3.72 billion, a year-on-year increase of 22%.
• Second-quarter earnings per share (EPS) were $10.91, a year-on-year increase of 27%, compared to $8.62 in the same period last year.
• EPS for the first half of the year reached $25.07, a year-on-year increase of 24%, with an annualized ROE of 14.8%.

Core business progress:

• Global Banking (Investment Banking and Market Business): Revenue was $10.12 billion, up 24% year-on-year, with a strong rebound in investment banking, and investment banking fees increased by 26% year-on-year, with a continuous improvement in investment banking backlog.
• FICC (Fixed Income, Currency, and Commodities) Revenue was $3.47 billion, up 9% year-on-year, driven by growth in structured financing and currency business.
• Equities Business Revenue was $4.3 billion, up 36% year-on-year, driven by growth in intermediary businesses such as ETFs/derivatives and financing.
• Asset and Wealth Management Revenue was $3.78 billion, down 3% year-on-year, mainly affected by the performance of private equity and debt investments, while management fee projects showed strong growth.
• Platform Solutions Revenue was $685 million, up 2% year-on-year, with slowing growth and limited growth in consumer finance and transaction banking business.

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