Goldman Sachs stock jumps after Q2 profit surges 78% on record Wall Street trading

Goldman Sachs reported a 78% profit increase in Q2 2026, with net profit reaching $6.6 billion.

Earnings per share were $21, significantly above the Wall Street estimate of $14.50 per share.

Total net revenue rose 39% year over year to $20.3 billion, beating the $16.2 billion estimate.

Revenue from equities trading surged 72% to $7.4 billion, setting a third consecutive quarterly record.

CEO David Solomon cited strong momentum from mergers, AI-related fundraising, and active financial markets.