“Goldman Sachs Beats Q2 Estimates with $ 840m Trading Revenue Surprise, Driven by Record Equities Performance and Renewed Investment Banking Momentum.”, – WRITE: www.fxempire.com
These Figures OutpaCed Forecasts by $ 840 Million on Trading Revenue Alone, UndersCoring Strong Client Activity Durying A Quarter Defined by Policy-Driven Volatility.
Investment Banking Rebound Lifts Outlook Goldman’s Investment Banking Fees Rose 26% to $ 2.19 Billion, As Advisory Revenues Surged and Dealmaking Showed Renewed Momentum. While Debt Underwriting Dipped Slightly, The Rebound in M&A Advisory Offset the Decline.
The pickup in the investment banking follows a broader Trend Across Wall Street, with Jpmorgan, Citigroup, and Wells Fargo Also Reporting Stronger-Qan-Exeptrated Earnings Earlier.
Asset and Wealth Management Lags As Investment Performance Softens In Contrast, Revenue from The Bank’s Asset and Wealth Management Division Fell 3% to $ 3.78 Billion. The Decline was attributed to weaker performance in Equity and Debt Investments. Despite the Drop, the Segment Remains Strategic Important for It Recurring Recurring Recurring Recurring Potential and Lower Volatility Compared to Trading.
Goldman Also Increased ITS Provisions for Credit Losses to $ 384 Million, Up From $ 282 Million A Year Ago, Mainly Due to ITS Credit Card Exposure. Meanwhile, After Clearing the Federal Reserve’s Annual Stress Test, The Bank Will Boost It Dividend by $ 1 A Share Starting in Q3.