Syrian anchor screams as missile hits.
IMRAN ALI
@imu0078
Live recorded Israeli airstrike in syria
9:22 AM · Jul 16, 2025
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Goldman Sachs tops estimates as traders generate $840 million more revenue than expected
PUBLISHED WED, JUL 16 202512:01 AM EDTUPDATED 2 HOURS AGO
Hugh Son
KEY POINTS
• Goldman Sachs on Wednesday posted results that topped expectationsas its trading operations generated $840 million more in revenue than analysts had expected.
• The bank said that second-quarter profit jumped 22% from a year earlier to $3.72 billion, or $10.91 per share.
• Revenue climbed 15% to $14.58 billion, roughly $1.1 billion more than the estimate.
Goldman Sachs
on Wednesday posted results that topped expectations as its trading operations generated $840 million more in revenue than analysts had expected.
Here’s what the company reported:
Earnings: $10.91 per share vs. $9.53 per share expected, according to LSEG
Revenue: $14.58 billion vs. $13.47 billion expected
The bank said that second-quarter profit jumped 22% from a year earlier to $3.72 billion, or $10.91 per share. Revenue climbed 15% to $14.58 billion, roughly $1.1 billion more than the estimate.
Trading desks across Wall Street have benefited this year as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks. Goldman Sachs, which relies more on Wall Street activities than its peers, is known to have outsized returns during boom times.
Most of the quarter’s revenue beat came from equities trading, which generated $4.3 billion in revenue, a 36% jump from a year earlier and $650 million more than analysts surveyed by StreetAccount expected.
The bank thrived in its role as both a middleman in the equities world, connecting buyers and sellers of stocks, as well as a lender to institutional investors.
Fixed income trading revenue rose 9% to $3.47 billion on higher financing fees and more activity in currency and credit markets, topping the StreetAccount estimate by $190 million.
Investment banking activity in the quarter exceeded expectations at rivals including JPMorgan Chase
thanks to a sharp rebound in asset values from April lows.
Goldman said that investment banking fees jumped 26% from a year earlier to $2.19 billion as more advisory deals closed; that haul is $290 million more than the StreetAccount estimate.
The bank’s asset and wealth management division was the sole disappointment in the quarter. It generated $3.78 billion in revenue, 3% lower than a year earlier and $100 million below the StreetAccount estimate. The decline came from lower gains in private equity stakes and debt investments, Goldman said.
Finally, the firm’s smallest division, its platform solutions arm,saw revenue rise 2% to $685 million, topping the StreetAccount estimate by about $12 million.
Shares of the bank have climbed 23% this year before Wednesday.
On Tuesday, JPMorgan, Citigroup
and Wells Fargo
each posted results that topped analysts’ expectations for earnings and revenue. On Wednesday, Morgan Stanley
reported similarly strong trading results and Bank of America
became the sole major U.S. bank to fall short of revenue expectations for the period.
https://www.cnbc.com/2025/07/16/goldman-sachs-gs-earnings-q2-2025-.html
All the banks that were losing their minds that Trump’s tariffs would kill the economy.
NYC Scoop
@NY_Scoop
==Bronx: Commonwealth Avenue & Westchester Avenue, officers from the
@NYPD43Pct responded yesterday to a report of a male shot==. Upon arrival, officers found a 27-year-old man unconscious and unresponsive with gunshot wounds to the shoulder, chest, and neck. He was transported to the hospital in critical condition.
The incident began as a verbal dispute that escalated into a violent assault. Two individuals targeted the victim—one held him down on the ground while the other kicked him in the face and appeared to film the attack before backing off. The man who had held him down then picked the victim up, pushed him, and pinned him against a wall.
At that moment, the victim drew a firearm and reached over his shoulder to fire at the attacker, striking him multiple times. The individual who was shot was taken to the hospital in critical condition, while the second assailant fled the scene. No arrests have been made. The investigation is ongoing.
5:05 PM · Jul 15, 2025
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Republicans take action against largest teachers' union after BOMBSHELL report
Mom's for Liberty co-founder Tina Descovich joins 'Fox & Friends First' to discuss why Republican lawmakers are taking action against the National Education Association over 'radical' ideals.
5:09
https://youtu.be/wT3vpwytVbc
Noem puts Newsom on notice after SURGE in assaults against ICE: 'We're looking at you'
Fox News correspondent Lucas Tomlinson reports Homeland Security Secretary Kristi Noem warned Gov. Gavin Newsom, D-Calif., about his refusal to condemn violent attacks on immigration enforcement officers
6:08
https://youtu.be/KBa_RuA3O-k
All these industries are ‘COMING HOME,’ Trump commerce secretary says
Commerce Secretary Howard Lutnick highlights President Donald Trump’s economic policies on ‘Jesse Watters Primetime
3:33
https://youtu.be/TSabgwGBRBI
Kennedy tells GOP to ‘hide our head in a bag’ if this doesn’t pass
Sen. John Kennedy, R-La., breaks down the battle brewing in the Senate over a $9 billion rescissions package on ‘The Will Cain Show.’
7:00
https://youtu.be/jWkicLt_a8g
You are a troll, shill, bot or a bored agent that comes here daily. Your opinion is your opinion asshole