Goldman Sachs Doubles to $1,052.98 as Q2 Profit Jumps 78%
Updated
Updated · Yahoo Finance · Aug 5
Goldman Sachs Doubles to $1,052.98 as Q2 Profit Jumps 78%
1 articles · Updated · Yahoo Finance · Aug 5
Summary
$1,052.98 marked Goldman Sachs' Tuesday close, up about 106% from its $511.02 close after Trump's April 2025 "Liberation Day" tariff announcement.
$6.6 billion in Q2 net earnings and $21 a share—well above the $14.50 estimate—helped drive the rally, with revenue rising 39% to $20.3 billion.
$7.4 billion in equities trading revenue, up 72%, showed how tariff shocks, trade shifts, war and changing Fed expectations fueled market swings that boosted Goldman’s trading desks.
$3.4 billion in investment-banking revenue, the highest since 2021, reflected a reopening in M&A and IPO markets, while equity underwriting fees surged 130% to $985 million on major AI-linked deals.
Bank of America raised its price target to $1,300 from $1,150, arguing Goldman remains a direct way for investors to play a revived global capital-markets cycle.