Goldman Sachs sets a quarterly record with $20.98 EPS on a 72% surge in equities revenue

Goldman Sachs released its second-quarter 2026 results on Tuesday, July 14, 2026, reporting earnings per share of $20.98, nearly double the $10.91 a year earlier and a record for the bank. Net revenues rose 39% to $20.34 billion and net income reached $6.63 billion, with an annualized return on equity of 23.5%.

Its Global Banking & Markets division posted record net revenues of $15.52 billion, up 53% year over year. Equities revenue jumped 72% to $7.42 billion, and investment banking fees rose 55% to $3.40 billion. Alongside JPMorgan's record profit, the strong results painted a robust picture of the second quarter for Wall Street's largest banks.