Investment banking and global trading giant Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) saw its revenues fly 150% higher on a yearly comparison in the second quarter to top out at nearly $13 billion.
Goldman’s core global banking and markets segment brought home $8.18 billion in revenues, driven by strong results in equities and fixed income, currency and commodities (FICC) financing.
In the asset-management space, the bank saw net revenues surge 27% year on year to $3.88 billion.
Goldman’s total assets under supervision swelled to a record $2.93 trillion.
The results add to a bullish US banking earnings season following JPMorgan Chase & Co (NYSE:JPM, ETR:CMC)’s record-breaking second-quarter earnings print released last week, indicating a revitalised global dealmaking market.
Goldman announced a 9% increase in the quarterly dividend to $3 per share. The bank also returned $4.45 billion to shareholders via buybacks in the second quarter.
“We are pleased with our solid second-quarter results and our overall performance in the first half of the year, reflecting strong year-on-year growth in both global banking & markets and asset & wealth management," said chief executive David Solomon.