Goldman Sachs posted strong Q2 results, raised dividends 33%, and sees AI-driven growth ahead, despite valuation risks after a big run. See why GS stock is a buy.

Goldman Sachs Group Inc. (NYSE:GS) shares traded higher Wednesday after the firm reported second-quarter results that beat analyst expectations, boosted by robust gains in its global banking and trading divisions.

Three U.S. treasury secretaries who came directly from Goldman Sachs — Robert Rubin, Henry Paulson and Steve Mnuchin and the firm's broader history of employees transitioning into high-level government positions inspired the nickname "Government Sachs."

The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.

Goldman Sachs beats Q2 estimates with $840M trading revenue surprise, driven by record equities performance and renewed investment banking momentum.