Goldman Tops Second-Quarter Views Amid Record Global Banking, Markets Revenue
Goldman Sachs' (GS) second-quarter results topped Wall Street's estimates as a record performance in the global banking and markets business propelled its revenue growth. Earnings per share for the June quarter jumped to a record $20.98 from $10.91 a year earlier, well above the FactSet-polled consensus of $14.51. Net revenue surged 39% to $20.34 billion, while analysts expected $16.23 billion. Revenue in Goldman's global banking and markets segment jumped 53% year over year to $15.52 billion, with the equities business delivering a 72% increase to $7.42 billion. Investment banking fees grew 55% to $3.4 billion, reflecting strength in equity and debt underwriting, as well as in advisory. Large-cap corporate merger and acquisition volumes soared 90% through the first half of 2026, Chief Executive David Solomon said during an earnings conference call, according to a FactSet transcript. "We have further expanded our lead as the number one M&A advisor, and earlier this year became the first bank to cross the $1 trillion in announced volumes over a six month period," Solomon said. "This long standing leadership, combined with our One Goldman Sachs operating ethos, creates a real.
Goldman Sachs' (GS) second-quarter results topped Wall Street's estimates as a record performance in the global banking and markets business propelled its revenue growth.
Earnings per share for the June quarter jumped to a record $20.98 from $10.91 a year earlier, well above the FactSet-polled consensus of $14.51.
Net revenue surged 39% to $20.34 billion, while analysts expected $16.23 billion.
Revenue in Goldman's global banking and markets segment jumped 53% year over year to $15.52 billion, with the equities business delivering a 72% increase to $7.42 billion.
Investment banking fees grew 55% to $3.4 billion, reflecting strength in equity and debt underwriting, as well as in advisory.
Large-cap corporate merger and acquisition volumes soared 90% through the first half of 2026, Chief Executive David Solomon said during an earnings conference call, according to a FactSet transcript. "We have further expanded our lead as the number one M&A advisor, and earlier this year became the first bank to cross the $1 trillion in announced volumes over a six month period," Solomon said. "This long standing leadership, combined with our One Goldman Sachs operating ethos, creates a real.