Goldman Sachs Q2 profits double to $3bn due to increased dealmaking and trading revenue.
Goldman Sachs Q2 profits more than double to $3bn, driven by surge in dealmaking and strong bond and equities trading, as investment banking revenues rose 21% to $1.7bn. This marks the highest jump in profits for the bank in the second quarter in a decade. The resilience of the US economy has provided confidence to corporate executives in pursuing acquisitions, debt sales, and stock offerings.
July 15, 2024
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