Goldman Sachs rides global dealmaking boom to smash profit estimates By Reuters
By Noor Zainab Hussain and Matt Scuffham (Reuters) -Goldman Sachs Group Inc on Tuesday blew past analysts' estimates for second-quarter profit as record global dealmaking activity helped Wall Street's biggest investment bank offset a slowdown in trading. Deals worth $1.5 trillion were announced in the three months to June 30 despite slowing activity among blank-check firms, more than any second quarter on record and up 13% from the record first quarter of the year, according to Refinitiv data. Overall financial advisory revenue surged 83% at Goldman in the second quarter, while equity underwriting revenue...
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