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Goldman Sachs Q2 Earnings: Revenue And EPS Beat, Investment Banking Fees Up 21%, Dividend Hike

On Monday, Goldman Sachs Group Inc. (NYSE:GS) reported revenue of $12.730 billion for the second quarter, beating the consensus of $12.456 billion. Sales increased 17% year over year, reflecting higher net revenues in Global Banking and markets and Asset and wealth Management. Global Banking & Markets revenues were $8.18 billion, up 14% year over year. This was boosted by a 21% year-over-year increase in investment banking fees to $1.73 billion, led by higher revenues in Debt and Equity underwriting, including leveraged finance and IPOs. Slight gains in advisory revenues contributed significantly to this growth. Asset & Wealth Management revenue was $3.88 billion for the second quarter of 2024, 27% higher than last year. Net revenues in Fixed Income, Currency, and Commodities (FICC) were $3.18 ...