{"slug": "goldman-blows-past-stock-trading-records-with-7-42-billion-boon", "title": "Goldman Blows Past Stock-Trading Records With $7.42 Billion Boon", "summary": "Goldman Sachs Group Inc. posted a record $7.42 billion in stock-trading revenue for the second quarter, surpassing its own Wall Street records amid market volatility driven by artificial intelligence and geopolitical tensions. The equities unit's 72% year-over-year surge marked the third consecutive quarterly record, with investment banking fees also beating estimates at $3.4 billion.", "body_md": "(Bloomberg) -- Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.\n\nMost Read from Bloomberg\n\n-\n[US Hits Iran With Strikes, Blockade as Trump Plans Hormuz Charge](https://www.bloomberg.com/news/articles/2026-07-13/trump-says-us-will-be-reimbursed-20-rate-for-hormuz-traffic?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[Trump Embraces Australian Retirement System Backed by Larry Fink](https://www.bloomberg.com/news/articles/2026-07-12/trump-embraces-australian-retirement-system-backed-by-larry-fink?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[OpenAI Engineer's 'LOL' Moment Set Stage for Legal Fight With Apple](https://www.bloomberg.com/news/articles/2026-07-11/openai-engineer-s-lol-moment-set-stage-for-legal-fight-with-apple?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)\n\nThe firm's second-quarter results mark the third consecutive quarter in which the firm's equities unit has set an all-time record for any bank. Its haul in just the past three months is larger than what it made in all four quarters of 2019 combined.\n\nThe equities result jumped 72% from a year earlier, driven both by financing and taking profit in arranging bets, the bank said in a statement Tuesday. Rates traders also beat expectations after a disappointing first quarter, and its investment bankers posted their highest fees since 2021 from advising on mergers and underwriting.\n\nGoldman reported $4.59 billion in revenue in rates trading. Investment-banking fees totaled $3.4 billion, beating the consensus of analyst estimates compiled by Bloomberg.\n\nThe bank's fresh equities-trading record, which confirms a Bloomberg News report from June, came as investors made bets on the growth of Asian technology companies driving artificial intelligence and the S&P 500 index posted its best return in six years.\n\nThe record represents a blowout quarter for Goldman, though JPMorgan Chase & Co.'s equities traders posted a bigger jump. Their traders posted an 86% gain to $6.03 billion earlier Tuesday.\n\nGoldman Chief Executive Officer David Solomon said in June that \"there's more greed than there is fear\" in markets, with investors piling into new equities raises.\n\nThe firm's investment bankers, who led the record-setting initial public offering of SpaceX and Alphabet Inc.'s equity raise in the second quarter, are ahead of peers in league tables by a wide margin. Revenue in the bank's equities underwriting business jumped 130% compared to the same period last year.\n\nGoldman holds more than a third of the M&A market share, according to data compiled by Bloomberg, advising on $1 trillion of deals this year in the fastest time on record for any bank.\n\nGoldman's asset-management unit is also growing quickly. It reported assets under supervision of $4.04 billion in the second quarter, up more than $700 million from a year earlier.", "url": "https://wpnews.pro/news/goldman-blows-past-stock-trading-records-with-7-42-billion-boon", "canonical_source": "https://ca.finance.yahoo.com/news/goldman-blows-past-stock-trading-112548312.html", "published_at": "2026-07-14 11:25:48+00:00", "updated_at": "2026-07-14 12:37:36.986998+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Goldman Sachs Group Inc.", "JPMorgan Chase & Co.", "David Solomon", "SpaceX", "Alphabet Inc.", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/goldman-blows-past-stock-trading-records-with-7-42-billion-boon", "markdown": "https://wpnews.pro/news/goldman-blows-past-stock-trading-records-with-7-42-billion-boon.md", "text": "https://wpnews.pro/news/goldman-blows-past-stock-trading-records-with-7-42-billion-boon.txt", "jsonld": "https://wpnews.pro/news/goldman-blows-past-stock-trading-records-with-7-42-billion-boon.jsonld"}}