Goldman Sachs reported a 52% year-over-year increase in investment banking fees to $6.24 billion for the first half of 2026, driven by strength across advisory and underwriting. Advisory revenues rose 46% to $2.87 billion, equity underwriting surged 90% to $1.52 billion, and debt underwriting advanced 37% to $1.84 billion. In the second quarter alone, IB fees climbed 55% to $3.40 billion. The firm maintained its number-one ranking in announced and completed M&A, equity offerings, and leveraged lending, and its investment banking backlog reached a five-year high. Peers JPMorgan and Morgan Stanley also benefited from the improving environment, with Morgan Stanley's IB fees up 47% in the first half. Goldman's shares have risen 40.3% over the past year, and the company holds a Zacks Rank #1 (Strong Buy).
Goldman Sachs Group IncGoldman's IB fees jumped 52% in H1 2026, with strong advisory and underwriting growth.
Morgan StanleyMorgan Stanley's IB fees up 47% in H1, benefiting from the same improving environment.
JPMorgan Chase & Co