Goldman Sachs and JPMorgan Chase post record revenue as AI boom fuels trading and dealmaking

EarningsIndustry Impact 4
โดย CNBC·Read original
Summary · why it matters

Goldman Sachs and JPMorgan Chase each posted record quarterly revenue, driven by surging equities trading and investment banking tied to the global artificial intelligence boom. Goldman revenue jumped 39% to $20.3 billion, while JPMorgan saw a 27% rise to $58 billion. Equities trading revenue soared 72% to $7.42 billion at Goldman and 86% to $6 billion at JPMorgan, together exceeding analyst expectations by $4.4 billion. Investment banking fees climbed 55% to $3.4 billion at Goldman and 30% to $3.3 billion at JPMorgan, with Goldman advising on the SpaceX IPO, Alphabet’s $90 billion equity issuance, and Dominion Energy’s sale to NextEra Energy. Bank of America also benefited, with equity trading revenue up 70% to $3.6 billion and investment banking fees up 50% to $2.1 billion. JPMorgan CFO Jeremy Barnum said AI is everywhere in financial markets, while Goldman CEO David Solomon described an AI capex super cycle that is still in its early stages.

Impact on stocks 10

Financials▲ · 4 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Goldman Sachs posted record quarterly revenue, with equities trading revenue up 72% and investment banking fees up 55%, driven by AI boom.

Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Bank of America also benefited from surging equity trading and investment banking fees, with equity trading revenue up 70% and IB fees up 50%.

Energy Transition & Power Demand▲ · 2 stocks
Artificial Intelligence▲ · 2 stocks
Digital Finance & Tokenization▲ · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

JPMorgan Chase posted record quarterly revenue, with equities trading revenue up 86% and investment banking fees up 30%, driven by AI boom.

Space Economy▲ · 1 stocks

Theme Impact 2

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