Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.

There was a broad surge in trading revenue across Wall Street in the second quarter, fueled by market volatility set off by President Trump’s tariffs.

Shares of Goldman Sachs and Morgan Stanley fell Wednesday despite stronger-than-expected profit from the two big banks, as investors saw little reason to bid up equity prices further after gains in recent weeks.

David Solomon, Goldman Sachs chairman and CEO, joins 'Money Movers' to discuss his expectations from the Fed and the impact of tariffs and deregulation.

Another three megabanks are due to report second-quarter earnings on Wednesday, shedding light on the health of dealmaking, sales and trading, and consumer activity. Bank of America, Morgan Stanley, and Goldman Sachs—the second-,

Trading desks across Wall Street have benefited as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks.

Goldman Sachs led in advisory value with $23.8bn in transactions, while PwC topped in deal volume with 52 transactions.

Goldman Sachs’s second-quarter profit climbed 22% from a year ago to $3.72 billion, the investment bank said Wednesday. Earnings per share were $10.91, topping Wall Street’s estimates for $9.69, according to analysts’ estimates compiled by FactSet.

Goldman Sachs' second-quarter profit exceeded Wall Street expectations, as turbulent markets lifted revenue from its equities division to a record and a pickup in dealmaking boosted investment banking.

J&J boosted its annual outlook, after posting better-than-expected quarterly profit and sales. Shares rose over 1% in premarket trading. 🔎 [Bank of America (BAC)]

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