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Goldman Sachs Q2 Equities Revenue Soars 72%, GS Hits $1,027 After Hours
Goldman Sachs crushed Q2 expectations with equities trading revenue up 72% and investment banking fees up 55%. Shares ticked higher after hours to $1,027.06.
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Goldman Sachs crushed Q2 expectations with equities trading revenue up 72% and investment banking fees up 55%. Shares ticked higher after hours to $1,027.06.
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Goldman Sachs rolls out a direct-investment platform for wealthy clients chasing SpaceX and Stripe, while its analysts argue the record IPO boom is more normalization than froth.
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Goldman Sachs slid more than 5% intraday, while Jefferies issued a bullish call on four dividend-paying money-center banks. The divergence comes as Wall Street’s biggest lenders post double-digit profit growth in Q2.
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Goldman Sachs smashed Q2 expectations with EPS of $20.98, far above the $14.48 consensus, as investment banking fees surged 55%. Shares rocketed 7.7% in intraday trading.
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Goldman Sachs reports next week, kicking off a Q2 earnings season where S&P 500 profit growth is expected to hit a four-year high. The bar is set high — and the market is watching to see if it clears.
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Goldman Sachs (GS) shares edged lower on Monday as the market waits for its Q2 earnings release on July 13. Wall Street expects both revenue and profit to rise year over year.
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