Goldman Sachs reports revenues from stock trading of 4.3 billion dollars, a whole 600 million dollars more than expected. The bank's profit per share now amounts to 10.91 dollars, also clearly above expectations.
Competitor Bank of America states at the same time in connection with the bank's interim report that they have had "the best second quarter ever" and yesterday, JP Morgan Chase & Co also reported a record quarter regarding the bank's stock trading.
President Donald Trump's tariff announcement in connection with what was called "Liberation Day" made the stock market fall back sharply. However, there has been a clear recovery and, for example, the New York Stock Exchange's S&P 500 index has risen by 15 percent over the past three months.
