Goldman Sachs is on track to generate more than $5bn in equities trading revenue during the second quarter, putting the Wall Street bank within reach of another near-record performance as heightened market volatility continues to drive client activity, according to a report by Bloomberg.
The expected result follows a record first quarter for the firm’s equities business, which generated $5.3 billion in revenue amid elevated trading volumes across cash equities, derivatives and prime brokerage. Market uncertainty stemming from shifting trade policies, interest rate expectations and geopolitical developments has helped sustain demand for trading services throughout 2026.
The bank has been one of the biggest beneficiaries of the volatile market environment, with its trading division continuing to offset periods of slower activity in other parts of the investment banking business. Goldman has also seen improving momentum in mergers and acquisitions and capital markets activity, contributing to a broader rebound in earnings across its institutional businesses.
Strong performance in equities trading reflects continued demand from hedge funds, asset managers and institutional investors seeking to reposition portfolios amid sharp market swings. Prime brokerage and financing activities have also remained robust, supporting revenue growth across the franchise.
A second consecutive quarter of more than $5 billion in equities revenue would reinforce Goldman Sachs’ position as one of the leading trading houses on Wall Street and highlight the growing importance of market-making and client execution businesses in an increasingly uncertain macroeconomic backdrop.
The performance is expected to contribute to another strong quarter for the bank when it reports earnings next month.
