(Reuters) – Goldman Sachs reported on a 22% increase in his profit on the second quarter on Wednesday thanks to his trading activities and his investment bank.

Investors rushed into the markets to carry out transactions and manage the risks linked to customs duties due to the evolution of the United States’s trade policy. The resulting turbulence notably stimulated the indices at Wall Street.

Trading revenues increased by 36% to 4.3 billion dollars (3.70 billion euros), while those of bonds, currencies and raw materials increased by 9% over a year, to 3.47 billion dollars.

Investment bank fees amounted to $ 2.19 billion during the quarter, an increase of 26% compared to the previous year. The advice costs were significantly higher, while the debt subscription costs have dropped.

The overall profit amounted to $ 3.7 billion, or $ 10.91 per share, for the closed quarter on June 30, compared to $ 8.62 per share a year earlier.

Assets and heritage

The turnover of the Branch Management of assets and heritage of Goldman Sachs, which is aimed at wealthy institutions and individuals, dropped from 3% to 3.78 billion dollars due to the weakness of investments in equities and debt securities.

This activity is important for Goldman Sachs because it provides more stable income than trading and the investment bank.

The bank provisioned $ 384 million for credit loss, compared to $ 282 million last year. Provisions were mainly linked to his credit card portfolio.

Goldman Sachs is one of the 22 banks to have passed the annual resistance test of the federal reserve last month, which enabled him to increase his dividend by a dollar per share from the third quarter.

Its action was up 0.4% in the trade-offs.

(Written by NiKet Nishant in Bangalore and Saeed Azhar in New York; Etienne Breban; edited by Kate Entringer)

Copyright © 2025 Thomson Reuters