Goldman Sachs’ (GS.N), opens new tab profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021.
The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings.
“We remain very well-positioned to benefit from a continued resurgence in activity,” said Goldman CEO David Solomon, who began a conference call with analysts by condemning the assassination attempt on former U.S. President Donald Trump.
Source: REUTER
