Goldman Sachs achieved its best stock-trading quarter ever, raking in a record $4.3 billion in revenue fueled by market turmoil. The prestigious investment bank’s equities unit saw a 36% year-over-year gain, surpassing analyst expectations by over $600 million. Goldman’s profit climbed 22% to $3.7 billion, with total revenue rising 15% to $14.6 billion.

In volatile times, Goldman Sachs capitalized on the stock market roller coaster, reaping fee windfalls from increased stock-buying and selling. Equities “intermediation” fees surged by 45%, while equities financing rose 23%. The bank’s traders outperformed rivals, netting over $1 billion more than JPMorgan and Morgan Stanley.

During the second quarter, Trump’s tariff delays led to investment opportunities like the “Trump Always Chickens Out” (TACO) trade. Investors navigated market volatility, but uncertainty looms with planned August 1 tariffs. Goldman Sachs navigated turbulent waters, setting record trading results amidst the chaos.

Read more at Yahoo Finance: Goldman’s ‘Midas Touch’ During Turbulent Quarter Delivers Record Trading Results