Goldman Sachs Reports Strong Second-Quarter Results, Beating Expectations on Trading and Investment Banking
Jul 16, 2025
Goldman Sachs reported second-quarter earnings that beat Wall Street expectations, with both profit and revenue coming in higher than analysts had predicted.
The company's profit jumped by 22% for the quarter. This strong result was driven by record performance in its equities trading division and increased activity in its investment banking business. Turbulent markets helped boost trading revenue, while a pickup in dealmaking contributed to the results.
Following the report, Goldman Sachs shares rose in premarket trading.
Similar positive trends were seen at other major Wall Street banks. Morgan Stanley also reported better-than-expected earnings, mainly due to higher revenues from equities and fixed-income trading. JPMorgan and Citigroup likewise reported increased revenue from trading and investment banking.
Why did Goldman Sachs perform so well this quarter?
Goldman Sachs did well because of strong performance in its trading and investment banking businesses, especially during a period of market turbulence.
How did Goldman Sachs' results compare to expectations?
The bank's earnings and revenue were much higher than what analysts had predicted.
Are other banks showing similar results?
Yes, other major banks like Morgan Stanley, JPMorgan, and Citigroup have also reported strong trading and investment banking revenues for the quarter.
Sources
Goldman Sachs tops estimates as traders generate $840 million more revenue than...
CNBC
CNBC
Goldman Sachs on Wednesday posted results that topped expectations as its trading operations generated $840 million more in revenue than analysts had expected. The bank said that second-quarter profit jumped 22% from a year earlier to $3.72 billion, or $10.91 per share.
Trading Business In Focus As Goldman Reports Q2
Forbes
Forbes
Goldman Sachs (NYSE:GS) is set to announce its Q2 2025 earnings on Wednesday, July 16, 2025. Consensus forecasts indicate that revenue is expected to rise by approximately 6% to $13.5 billion, while earnings are anticipated to be about $9.68 per share, reflecting an 11% increase compared to the prev...
Goldman Sachs Crushes Q2 Estimates as Equities Trading Hits Record High
Goldman Sachs beats Q2 estimates with $840M trading revenue surprise, driven by record equities performance and renewed investment banking momentum.
Goldman Sachs' stock jumps after a big earnings beat, amid strength in investmen...
Market Watch
Market Watch
Shares of Goldman Sachs Group Inc. GS-1.51% rallied 1.2% in premarket trading Wednesday, after the banking giant beat second-quarter profit and revenue expectations by wide margins, amid strength in its investment banking and equities businesses.
Goldman Sachs Profit Surges, Powered by Trading, Investment Banking Revenue
WSJ
WSJ
JPMorgan and Citigroup on Tuesday reported higher revenue from trading and investment banking.
Goldman's profit jumps as market turbulence powers record equities trading
Reuters
Reuters
Goldman Sachs' profit jumped 22% in the second quarter, as turbulent markets lifted equities trading revenue to a record and a pickup in dealmaking boosted investment banking.
Goldman Sachs Revenue, Profits Blow Past Estimates
Investopedia
Investopedia
Goldman Sachs (GS) on Wednesday reported second-quarter revenue and profits that came in well above what analysts had anticipated.
Goldman Sachs Profit Surges, Powered by Trading, Investment Banking Revenue
WSJ
WSJ
JPMorgan and Citigroup on Tuesday reported higher revenue from trading and investment banking.
Goldman Sachs posts $3.72B profit as bank's traders cash in
New York Post
New York Post
The Wall Street giant released its second quarter results once day after crosstown rival JPMorgan
Goldman Sachs, Morgan Stanley earnings top estimates
CNBC Television
CNBC Television
CNBC's Leslie Picker joins 'Squawk Box' to break down Goldman Sachs and Morgan Stanley's quarterly earnings results.
Robust Trading Activity and Rates to Aid Schwab's Q2 Earnings
Zacks Investment Research
Zacks Investment Research
SCHW's Q2 earnings likely surged on strong trading activity, higher rates and rising asset management fees.
Goldman Sachs (GS) Q2 Earnings and Revenues Beat Estimates
Zacks Investment Research
Zacks Investment Research
Goldman Sachs (GS) came out with quarterly earnings of $10.91 per share, beating the Zacks Consensus Estimate of $9.43 per share. This compares to earnings of $8.62 per share a year ago.
Goldman Sachs makes Wall Street history with record-breaking Q2 trading surge
Invezz
Invezz
Goldman Sachs just pulled off a record-breaking second quarter in 2025, with its stock trading unit raking in the highest revenue Wall Street has ever seen. The surge came amid wild market swings triggered by the Trump administration's latest trade moves.
Goldman Sachs tops Q2 earnings estimates on trading revenue growth
Proactive Investors
Proactive Investors
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) shares dipped in early trade on Wednesday despite the investment banking firm reporting better-than-expected results for the second quarter. The company posted a 15% year-over-year jump in revenue to $14.58 billion, more than $1 billion ahead of the consens...
Goldman (GS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research
Zacks Investment Research
While the top- and bottom-line numbers for Goldman (GS) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Expect pretty robust M&A activity into 2026, says Goldman Sachs CEO David Solomo...
CNBC Television
CNBC Television
David Solomon, Goldman Sachs chairman and CEO, joins 'Money Movers' to discuss equity trading, M&A activity and his expectations from the Fed.
Big Banks show record trading profits, Trump threatens pharma tariffs
Yahoo Finance
Yahoo Finance
Big Bank results show record trading profits, with Goldman Sachs posting its best stock trading quarter in Wall Street history. Morgan Stanley and Bank of America had a record trading quarter as well.
Goldman Gains as Q2 Earnings Beat Estimates, Boosts Dividend 33.3%
Zacks Investment Research
Zacks Investment Research
The GS stock climbs as Q2 earnings beat estimates, with trading gains and a 33.3% dividend hike fueling momentum.
Dow Surges Over 100 Points; Goldman Sachs Posts Upbeat Earnings
Benzinga
Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Wednesday.
Goldman Sachs Delivers Q2 Powerhouse, Stock Set To Outperform
Benzinga
Benzinga
Goldman Sachs Group Inc. GS reported a solid second quarter for 2025, with results surpassing analyst estimates. The firm demonstrated strong performance across key segments, including significant contributions from its trading and investment banking operations.
Goldman's CEO is finding his groove after years of challenges. Here are 4 reason...
Business Insider
Business Insider
Goldman Sachs reported strong second-quarter revenue on Wednesday. One especially strong area was IB advisory, where revenue was up 71% year-over-year.
Goldman Sachs Q2 Profit Jumps
The Motley Fool
The Motley Fool
The Goldman Sachs Group, Inc. (GS 0.88%) reported Q2 2025 results on July 16, 2025, with net revenues of $14.6 billion, EPS of $10.91, and ROE of 12.8%.
Goldman Sachs CEO expects more IPO activity in the third and fourth quarter
CNBC Television
CNBC Television
Goldman Sachs CEO David Solomon said Wednesday that confidence is rising as the IPO market gains momentum, citing successful second-quarter debuts and expecting more IPO activity in the third and fourth quarters.
Goldman Sachs CEO: Client confidence improved in the second quarter
CNBC Television
CNBC Television
Goldman Sachs CEO David Solomon said Wednesday the firm had a solid second quarter, driven by increasing client activity and growing confidence, despite having a bumpy start and uncertainty tied to trade policy.
This quarter showed how Goldman has become a well-oiled machine, says Jim Cramer
CNBC Television
CNBC Television
'Mad Money' host Jim Cramer talks what he took away from Goldman Sachs' quarterly report.
Q2 Earnings Season Kicks Off Positively: A Closer Look
Zacks Investment Research
Zacks Investment Research
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Q2 Earnings Season Kicks Off Positively: A Closer Look
Zacks Investment Research
Zacks Investment Research
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
The Goldman Sachs Group, Inc. (GS) Q2 2025 Earnings Call Transcript
Seeking Alpha
Seeking Alpha
The Goldman Sachs Group, Inc. (NYSE:GS ) Q2 2025 Earnings Conference Call July 16, 2025 9:30 AM ET Company Participants David M. Solomon - Chairman & CEO Denis P.
These Analysts Boost Their Forecasts On Goldman Sachs After Better-Than-Expected...
Benzinga
Benzinga
Goldman Sachs Group Inc. GS reported second-quarter results that beat analyst expectations on Wednesday, boosted by robust gains in its global banking and trading divisions.
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