There were record quarterly revenues in units covering bond trading and stock trading and in the bank’s equities business overall, a category that includes a range of complex financial maneuvers the New York investment bank helps clients perform for a fee.

Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.

David Solomon, Goldman Sachs chairman and CEO, joins 'Money Movers' to discuss his expectations from the Fed and the impact of tariffs and deregulation.

Goldman is ushering in a “hybrid workforce” era in which humans and AI coexist. Its newest autonomous employee, Devin, joins the nearly 12,000 existing software engineers at the company.

Goldman Sachs led in advisory value with $23.8bn in transactions, while PwC topped in deal volume with 52 transactions.

Goldman Sachs will finance a $270 million affordable housing project to build 385 apartments in the East New York neighborhood of Brooklyn, New York Governor Kathy Hochul's office said.

Solomon pointed to Asset & Wealth Management momentum, mentioning, "Wealth management client assets rose to a record $1.7 trillion," and "our assets under supervision rose to a new record of $3.3 trillion, representing our 30th consecutive quarter of long-term fee-based net inflows."

Goldman Sachs Group Inc. (NYSE: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.