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Goldman Sachs Q2 profit jumps 78% as trading revenue rallies
Net earnings rose to $6.63 billion for the quarter ended June 30, helped by $230 billion of net inflows and higher Global Banking & Markets revenue.
Goldman Sachs posted a sharp jump in second-quarter 2026 profit, with net earnings rising 78.2% to $6.63 billion for the quarter ended June 30, according to Yahoo Finance. The increase reflected a stronger trading environment, alongside continued growth in its asset and wealth management business.
The bank reported assets under supervision of $4.04 trillion as of June 30, supported by $230 billion of net inflows and $161 billion of market appreciation. In Global Banking & Markets, revenue totaled $15.52 billion in Q2, 53% higher than a year earlier, while Asset & Wealth Management revenue rose to $4.6 billion, up 20%.
Goldman Sachs also reported a lower provision for credit losses of $102 million, down from $384 million in the same quarter of 2025. The company attributed the prior year figure mainly to net provisions tied to its credit card portfolio, which was moved to held for sale in the fourth quarter of 2025, along with growth in wholesale loans.
During the quarter, Goldman returned $5.36 billion to common shareholders, including $4.0 billion in common share buybacks and $1.36 billion in common stock dividends. For the first six months of 2026, it reported net revenue of $37.57 billion and net profit of $12.26 billion.