Banking large Goldman Sachs Group, Inc. (NYSE: GS) reported a rise in revenues and revenue for the second quarter of fiscal 2025.
Second-quarter revenues elevated 15% to $14.6 billion from $12.7 billion within the corresponding quarter a 12 months earlier. The highest line benefited from a pointy improve in internet revenues in World Banking & Markets, which was partially offset by barely decrease internet revenues in Asset & Wealth Administration.
Web revenue relevant to widespread shareholders was $3.5 billion or $10.91 per share in Q2, in comparison with $2.9 billion or $8.62 per share within the prior-year quarter.
Guide worth per share elevated by 1.6% within the second quarter and by 3.9% through the first half of 2025 to $349.74. The corporate elevated its quarterly dividend to $4.00 per share within the third quarter.
David Solomon, CEO of Goldman Sachs, mentioned, “Our robust outcomes for the quarter mirrored wholesome shopper exercise ranges throughout our companies, our differentiated franchise positions, and the expertise and dedication of our individuals. At the moment, the economic system and markets are typically responding positively to the evolving coverage atmosphere.“
