Goldman’s $20 Billion Quarter Powered by Banking’s New AI Flywheel

The most recent earnings period shows that when capital markets become unusually active, leading banks are looking to monetize nearly every stage of that activity. That, at least, was the case with Goldman Sachs , which on Tuesday (July 14) announced record quarterly net revenue of $20.34 billion, up 39% from a year earlier, while net earnings jumped 78% to $6.63 billion. “Momentum has accelerated throughout our businesses.