JP Morgan and Goldman Sachs report outstanding Q2 profits

JP Morgan and Goldman Sachs outstanding Q2 profits

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This piece by The Guardian reports that investment banking arms of Goldman Sachs and JP Morgan benefit from global glut of mergers and acquisitions. Read on.

“Goldman Sachs and JP Morgan have reported bumper profits for the second quarter as their investment banking divisions continued to ride the global boom in mergers and takeover deals.

The two US banks have been capitalising on the surge in merger and acquisitions activity, which broke records for the second straight quarter in the three months to June, according to Refinitiv data, and helped make up for a slowdown in trading since the start of the year.”

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