Goldman deconstructed: the story of the second quarter

Goldman trounced predictions yet again today as second-quarter net profits shot up nearly two-thirds to $3.4bn (€2.4bn) on the back of a record trading performance in both equities and fixed income, currencies and commodities. The two units reaped a combined $10bn in net revenues as Goldman beat analysts’ profit estimates by more than a third.

Three months ago, analysts said Goldman could not maintain its strong first-quarter performance, describing those results as "a one-off phenomenon" and "unrepeatable", but the bank today proved otherwise. Financial News analyses some of the key figures from today's results.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump