Goldman Sachs (NYSE:GS) posted impressive Q2 results, delivering strong beats on both revenue and EPS. The quarter featured record Equities net revenues and a sharp rebound in Advisory, which rose 48% sequentially and 71% year-over-year. The firm also reported continued inflows and growth within its Asset and Wealth Management division, bringing assets under supervision (AUS) to a record $3.29 trillion.
There were encouraging signs that investment banking activity—particularly from private equity firms and corporate M&A—is regaining momentum, with overall M&A volume up 30% year-over-year. That said, similar momentum has been hinted at in past quarters without follow-through, so the durability remains to be seen. Management also noted the potential for future digitization efforts but maintained a characteristically cautious stance given the evolving regulatory backdrop.
For more details, key highlights, and commentary, check out the high-level earnings summary.
