Key facts
- Goldman Sachs reported a significant profit increase in the second quarter.
- The profit increase was driven by a surge in equities trading revenue.
- Investment banking and advisory services also performed robustly.
- Compensation costs for Goldman Sachs' international business rose.
Goldman Sachs has reported a significant increase in its second-quarter profits, largely attributed to a surge in equities trading revenue. The bank's investment banking and advisory services also demonstrated robust performance, contributing to the overall profit growth. Alongside these positive financial results, the bank noted an increase in compensation costs associated with its international business operations. The specific figures detailing the profit surge and the extent of the rise in compensation costs were not detailed in the provided summary.