Goldman Sachs Q2 Revenue $20.3B, Alternatives $125B+

Goldman Sachs reported record second-quarter revenue of $20.3 billion and earnings per share, the bank said. The firm expects full-year alternatives fundraising to exceed $125 billion, which would be a record.

Revenue growth was driven by strength in M&A advisory and equities trading, along with wealth management inflows. The board authorized a share buyback program, executives said on the earnings call.

The stock carries an Alpha Score of 55 out of 100, a Moderate rating in the Financials sector, according to AlphaScala. See the GS stock page for more.

The $125 billion alternatives fundraising target reflects the bank's push into private markets and client demand for alternative assets.