Goldman Sachs profit has surged in the second quarter (Q2) of 2026, benefitting from a booming trading environment and continued growth in asset and wealth management.
The US-based bank reported net earnings of $6.63bn in the quarter ended 30 June 2026, a 78.2% surge from the $3.72bn in the same period last year
Its net revenue increased by 39.5% year-on-year to $20.34bn. Assets under supervision stood at $4.04tn as of 30 June 2026, supported by $230bn of net inflows and $161bn of market appreciation. In Global Banking & Markets, revenue totalled $15.52bn in the Q2, 53% above the level reported a year earlier.
Asset & Wealth Management generated $4.6bn in revenue, an increase of 20% from the second quarter of 2025. Platform Solutions reported revenue of $221m, down 64% from a year earlier. The provision for credit losses was $102m, compared with $384m in the second quarter of 2025.