Report: Goldman Sachs’ second-quarter equities trading revenue expected to surpass $5 billion, setting a new industry record

As the last week of the quarter approaches, executives expect Goldman Sachs’ equities trading business revenue may exceed the $5.3 billion reported in the first quarter. This performance would surpass analysts’ average expectations of $4.77 billion and mark the third consecutive quarter in which Goldman Sachs’ equities trading division sets an industry record. Goldman Sachs’ equities trading results have been boosted by a surge in activity in Asian markets, and investors’ enthusiasm for SpaceX’s record-breaking IPO is another major driver of equities trading businesses across Wall Street. Goldman Sachs secured the coveted lead underwriter position on this deal. (Bloomberg)