🟢 Goldman Sachs is trading 4.3% up today after a major Q2 earnings beat and raised ROTCE target

Goldman Sachs is trading 4.3% up at $1090.71 after posting a major second-quarter earnings beat and raising its full-year profitability outlook.

• The bank reported net revenues of $20.34 billion and EPS of $20.98, significantly exceeding analyst expectations.
• Management raised its full-year Return on Tangible Common Equity (ROTCE) target to 16.5% and guided for 10% growth in investment banking.
• The results signal sustained strength in Global Banking & Markets and a shift toward a more profitable business mix.