Goldman Sachs Reports Impressive Second Quarter Results Fueled by Growth in Global Banking & Markets and Asset & Wealth Management
Monday, 15 July 2024, 11:28
Goldman Sachs Quarterly Results
CEO David Solomon's Statement
"We are pleased with our solid second quarter results and our overall performance in the first half of the year, reflecting strong year-on-year growth in both Global Banking & Markets and Asset & Wealth Management," said Solomon.
- Profit Surge: Goldman's investment banking fees rose by 21% to $1.73 billion.
- Key Contributors:
- Enhanced revenue from debt and stock underwriting.
- Increased fees from advising on mergers and acquisitions.
- Previous Challenges: Earnings in the year-ago quarter were impacted by writedowns associated with GreenSky, a former fintech business of Goldman.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.