Goldman Sachs reported a strong second quarter with revenue rising to $14.58 billion, beating estimates. Earnings per share were $10.91, surpassing expectations. The stock initially dipped but has since recovered. CEO David Solomon highlighted resilience in dealmaking and AI opportunities. The firm ended the quarter with excess capital and saw record assets under supervision. The global banking and markets division performed well, with investment banking revenue up 26%. Fixed income, currency, and commodities revenue exceeded expectations. Asset and wealth management revenue fell year over year but increased sequentially.

Read more at CNBC: We’re raising our Goldman Sachs price target after a solid quarter, strong deal outlook