Goldman Sachs Reports 150% Profit Surge to $3 Billion in Q2 on Debt Underwriting

Jul 15, 2024, 11:30 AM

Goldman Sachs reported a significant increase in profits for the second quarter, driven by robust debt underwriting and strong performance in its fixed-income trading unit. The bank's earnings surged by 150% from the previous year, reaching $3 billion as deals rebounded on Wall Street. The trading unit played a crucial role in powering this surge in earnings, with profits more than doubled.