Goldman Sachs’ (GS.N) second-quarter profit exceeded Wall Street expectations, as turbulent markets lifted revenue from its equities division to a record and a pickup in dealmaking boosted investment banking.
The results capture a growing trend of market turmoil boosting trading desks across Wall Street as investors rebalance their portfolios to manage tariff-related risks.
Goldman’s equities revenue rose 36 per cent to $4.3 billion, higher than the $3.6 billion analysts were
