Goldman Sachs is set to report second-quarter earnings, with Wall Street expecting $9.53 earnings per share and $13.47 billion in revenue. Trading revenue is projected to be $3.28 billion for fixed income and $3.65 billion for equities, with investment banking fees at $1.9 billion. The bank is expected to benefit from market volatility and a rebound in asset values, with shares up 23% this year.

President Trump’s tariff policies have boosted trading desks across Wall Street, benefiting firms like Goldman Sachs. Investment banking activity has exceeded expectations, with a sharp rebound in asset values contributing to strong performance. The recovery in stock prices is also expected to positively impact the firm’s asset and wealth management division.

Goldman Sachs, which relies heavily on revenue from trading and investment banking activities, can experience significant returns during boom times and underperformance when markets are challenging. With shares up 23% this year, the bank is positioned to benefit from favorable market conditions. JPMorgan, Citigroup, and Wells Fargo have also posted strong results, setting a positive tone for the industry.

Read more at CNBC: Goldman Sachs (GS) earnings Q2 2025