Goldman Sachs earnings SMASH estimates: Massive profit jump

Goldman Sachs announces significant Q2 earnings, reporting $20.98 EPS against an estimated $14.48, and revenue of $20.34 billion, beating the $16.13 billion estimate. Investment banking fees jumped 55% to $3.

Goldman Sachs announced significant Q2 earnings, with $20.98 EPS and $20.34 billion in revenue, exceeding estimates. Investment banking fees surged 55% to $3.4 billion, driven by an active IPO and M&A market. The company also increased its quarterly dividend to $5 per share, effective Q3. This strong financial report caused the stock to rise 2% in pre-market trading