At a time when stock indices continue to rise and market fluctuations related to artificial intelligence and the Middle East War continue, Goldman Sachs Group's stock trading business revenue set a new Wall Street record of US$7.42 billion. Goldman Sachs's second-quarter results showed that its stock business hit a record high for the third consecutive quarter. The revenue for the past three months alone is more than the sum of the four quarters of the business for the full year of 2019. Goldman Sachs said in a statement on Tuesday that revenue from the stock business increased 72% year over year, and financing and profit from arranged bets contributed to this increase. The interest rate trading sector also surpassed expectations after its disappointing performance in the first quarter; the investment banking sector recorded the highest fee revenue since 2021, driven by merger and acquisition consulting and underwriting business. Goldman Sachs reported interest rate transaction revenue of US$4.59 billion. Investment banking revenue totaled US$3.4 billion, exceeding the analysts' consensus estimates compiled by Bloomberg. Goldman Sachs stock trading revenue reached a new high, confirming Bloomberg News's June report. This record means Goldman Sachs's performance was extremely strong during the quarter, but J.P. Morgan stock traders recorded even greater growth. J.P. Morgan Chase announced earlier Tuesday that its share trading revenue increased 86% to $6.03 billion. Goldman Sachs CEO Su Dewei said in June that there is “more greed than fear” in the market. The Goldman Sachs Investment Banking team led SpaceX's record initial public offering and Alphabet Inc. stock financing in the second quarter, leading the rankings by a large margin. The bank's stock underwriting business revenue jumped 130% over the same period last year. According to the data, Goldman Sachs's share of the M&A market is over one-third. It has advised on $1 trillion transactions this year, reaching the fastest rate any bank has recorded. Goldman Sachs's asset management division is also growing rapidly. The volume of assets managed by the department in the second quarter was US$4.04 billion, an increase of more than US$700 million over the same period last year. The results also showed that Goldman Sachs's net revenue reached a record $20.3 billion. Spending has also risen, but employee compensation is growing at a slower rate than income growth. Revenue increased 39% year over year, and compensation increased 30%.

At a time when stock indices continue to rise and market fluctuations related to artificial intelligence and the Middle East War continue, Goldman Sachs Group's stock trading business revenue set a new Wall Street record of US$7.42 billion. Goldman Sachs's second-quarter results showed that its stock business hit a record high for the third consecutive quarter. The revenue for the past three months alone is more than the sum of the four quarters of the business for the full year of 2019. Goldman Sachs said in a statement on Tuesday that revenue from the stock business increased 72% year over year, and financing and profit from arranged bets contributed to this increase. The interest rate trading sector also surpassed expectations after its disappointing performance in the first quarter; the investment banking sector recorded the highest fee revenue since 2021, driven by merger and acquisition consulting and underwriting business. Goldman Sachs reported interest rate transaction revenue of US$4.59 billion. Investment banking revenue totaled US$3.4 billion, exceeding the analysts' consensus estimates compiled by Bloomberg. Goldman Sachs stock trading revenue reached a new high, confirming Bloomberg News's June report. This record means Goldman Sachs's performance was extremely strong during the quarter, but J.P. Morgan stock traders recorded even greater growth. J.P. Morgan Chase announced earlier Tuesday that its share trading revenue increased 86% to $6.03 billion. Goldman Sachs CEO Su Dewei said in June that there is “more greed than fear” in the market. The Goldman Sachs Investment Banking team led SpaceX's record initial public offering and Alphabet Inc. stock financing in the second quarter, leading the rankings by a large margin. The bank's stock underwriting business revenue jumped 130% over the same period last year. According to the data, Goldman Sachs's share of the M&A market is over one-third. It has advised on $1 trillion transactions this year, reaching the fastest rate any bank has recorded. Goldman Sachs's asset management division is also growing rapidly. The volume of assets managed by the department in the second quarter was US$4.04 billion, an increase of more than US$700 million over the same period last year. The results also showed that Goldman Sachs's net revenue reached a record $20.3 billion. Spending has also risen, but employee compensation is growing at a slower rate than income growth. Revenue increased 39% year over year, and compensation increased 30%.