Goldman Sachs' Q2 Profits Surge 150% Amid Investment Banking Rebound

The firm reports $3.04 billion in earnings, driven by increased dealmaking and higher fees from debt underwriting and trading.

Goldman Sachs' second-quarter profit reached $3.04 billion, a 150% increase from the previous year.
Investment banking fees rose by 21%, with significant contributions from debt and equity underwriting.
Revenue from fixed income, currency, and commodities trading increased by 17%.
The bank has raised its quarterly dividend to $3 per share, reflecting strong financial performance.
Goldman Sachs' strategic focus on traditional investment banking and trading has paid off, boosting its stock by 24.4% year-to-date.