Goldman Sachs Projects Q2 Equities Revenue Above $5B, Acquires Innovator ETFs
GS sits 73% above its 52-week low of $630.01.
Summary
Goldman Sachs anticipates Q2 equity trading revenue will exceed $5 billion, potentially marking a third consecutive quarter of record performance in this key segment. This strong outlook follows robust Q1 results reported in April and May, which highlighted significant growth in Investment Banking and Asset & Wealth Management. Separately, Goldman Sachs Asset Management acquired Innovator Capital, strategically expanding its risk-managed ETF lineup and product distribution. Both developments signal continued strength and strategic growth for the firm.
At the time of this announcement, GS was trading at $1,090.11 on NYSE in the Finance sector, with a market capitalization of approximately $322.9B. The 52-week trading range was $630.01 to $1,125.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.