Goldman Sachs Asset and Wealth Management Revenue Climbs 20 Percent

The New York-based firm reported total net revenues of $20.34 billion for the second quarter ending June 30, with net earnings reaching $6.63 billion. The asset and wealth management division's performance was bolstered by rising management fees and robust investment returns, though these gains faced headwinds from compressed net interest margins within the Marcus private banking and lending business.

Operational pressures remain visible as the group's expenses climbed to $11.67 billion, a 26 percent increase over the second quarter of 2025. Credit loss provisions fell sharply to $102 million from $384 million a year ago. Investors have responded positively to the firm's capital position, with shares rising approximately 19 percent year-to-date and the Common Equity Tier 1 ratio holding steady at 13.7 percent. Total assets under supervision reached $4.041 trillion, marking a significant expansion from the $3.293 trillion reported at the same time last year.