Goldman deconstructed: the story of the second quarter

Goldman trounced predictions yet again today as second-quarter net profits shot up nearly two-thirds to $3.4bn (€2.4bn) on the back of a record trading performance in both equities and fixed income, currencies and commodities. The two units reaped a combined $10bn in net revenues as Goldman beat analysts’ profit estimates by more than a third.

Three months ago, analysts said Goldman could not maintain its strong first-quarter performance, describing those results as "a one-off phenomenon" and "unrepeatable", but the bank today proved otherwise. Financial News analyses some of the key figures from today's results.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire