Goldman Sachs records highest earnings from stock trading operations
In a recent announcement, Goldman Sachs reported a robust performance in the second quarter of 2025, attributing the success to several key factors across its business segments, particularly in the Global Banking & Markets division.
The Global Banking & Markets segment, which includes Equities trading, saw a significant increase in net revenues, reaching $10.12 billion – a 24% rise from the second quarter of 2024. This growth was driven by a 26% increase in Investment Banking fees, with Advisory services showing particular strength in the Americas and EMEA regions.
The firm also benefited from healthy client activity levels across its businesses, reflecting positive responses to evolving policy environments. Goldman Sachs' differentiated franchise positions and the talent of its people contributed to its resilience and growth.
In addition, tax benefits related to employee share-based awards reduced the provision for taxes by approximately $600 million for the first half of 2025, positively impacting diluted EPS and ROE.
The firm maintained a strong focus on risk management, navigating market uncertainties effectively. Strategic decisions made previously positioned the firm well to perform for shareholders.
According to the company statement, Goldman Sachs reported net revenue of $14.58 billion, net income of $3.72 billion, and earnings per ordinary share of $10.91 in the second quarter. The annual return on average shareholder's equity (ROE) for Goldman Sachs in the second quarter was 12.8%.
As of 10:03 AM New York time (17:05 Moscow time), Goldman Sachs' shares are trading at $702.75 on the Nasdaq exchange, experiencing a slight increase of 0.03% as of the mentioned time.
Goldman Sachs CEO David Solomon attributed the strong quarterly results to high levels of client activity, the differentiated position of its franchise companies, and the professionalism and dedication of its employees. The company's stocks have risen by 23% since the beginning of the year.
It's worth noting that specific details on Equities trading performance are not provided in the report. However, the overall increase in Global Banking & Markets suggests a strong performance across trading divisions. Goldman Sachs earned $0.1 billion more from equities trading in the second quarter of 2025 than in the first quarter, and the equities trading revenue in the second quarter was approximately $0.6 billion above analyst expectations.
This news marks a promising period for Goldman Sachs, demonstrating the company's ability to adapt to market changes and deliver strong financial results.
The Global Banking & Markets division, including Equities trading, contributed significantly to Goldman Sachs' strong performance, with a 24% rise in net revenues in the Global Banking & Markets segment, reaching $10.12 billion.
Goldman Sachs' financial performance was also bolstered by tax benefits related to employee share-based awards, reducing the provision for taxes by approximately $600 million for the first half of 2025.
