Catenaa, Tuesday, June 23, 2026- Goldman Sachs equities traders are on track to generate more than $5 billion of revenue in the second quarter.
Bloomberg News reported that with about a week left in the quarter, executives are predicting the bank could even top the $5.3 billion it reported for the first quarter.
That would easily eclipse the $4.77 billion average estimate of analysts surveyed by Bloomberg and mark the third consecutive quarter in which the bank’s equities unit notched an industry record.
Goldman’s stock traders have been bolstered by a boom in activity in Asia, which has fueled a rise in trading and financing, the report said.
That’s due to a voracious appetite from hedge funds seeking to speculate on the explosion of investment in artificial intelligence and the infrastructure that supports it.
Investor fervor around SpaceX’s record IPO was another boon for equities desks across Wall Street, with Goldman winning the coveted lead-left position on the deal. Such coups primarily benefit investment bankers but also trigger trading around the event.
Trading revenue is one of the most-watched measures in Wall Street earnings because it’s often difficult to predict how desks will navigate major hiccups in markets.
On Tuesday, for instance, a selloff in Korean chipmakers stoked concerns about the sustainability of the AI-related rally.
Earlier this month, Goldman Chief Executive Officer David Solomon signaled that the company was positioned to benefit from bullish market sentiment and a flood of capital chasing deals.
“We are definitely in a moment where there’s more greed than there is fear,” he said during a June 2 appearance at the Economic Club of New York.
Revenues in Goldman’s rates business have also stabilized since a shock disappointment in the first quarter, which clouded its equities record, the report said.
Some of the bank’s trading desks took a hit as rates surged in the wake of the war in the Middle East, Bloomberg reported in April.
Goldman reached two other key milestones in the current quarter: Its stock price eclipsed $1,000 for the first time, and its investment bankers, who comfortably lead dealmaking league tables, advised on $1 trillion of transactions so far this year, reaching that threshold faster than anyone has before.
