Goldman Sachs reported record second-quarter net income of US$6.63 billion, with earnings per share roughly doubling year-on-year. The firm intensified capital returns through continued buybacks and a higher US$5.00 quarterly dividend, alongside issuing billions in new bonds and US$2.5 billion of preferred depositary shares. These actions reinforce the capital return story but also increase future interest and dividend obligations. The investment narrative projects US$68.3 billion revenue and US$20.3 billion earnings by 2029, requiring 3.6% yearly revenue growth from US$17.1 billion today.
Goldman Sachs Group IncRecord net income, earnings doubling, increased buybacks and dividend, and bond issuance reinforce capital return story.