The banking industry in US managed to showcase yet again their resiliency amidst turbulent times, as they toppled analysts’ estimates and kept investors optimistic with their outlooks, giving at the same time a positive push start to this year’s, second-quarter earnings cycle.
The banking industry in US managed to showcaseGoldman Sachs surprised analysts with higher trading revenues and dealmaking, as the investment bank managed to capitalize on market volatility from Trump’s tariffs. Goldman reported their best quarterly equity trading revenue-to-date, recording a ludicrous 35.7% growth. In regards to deal-making, M&A activity growth saw a 26% rise from increased demand for capital raising, by healthcare and technologyoriented sectors.
JP Morgan posted an impressive $0.77, above-estimates EPS ($5.24 vs $4.47) and a $45.7 billion revenue in the second quarter of 2025, driven by a 14% rise in fixed income and equity trading revenue and a 7% rise of investment banking fees. reflecting confidence in the bank’s diversified revenue base and strong capital position despite macroeconomic challenges.
Citigroup also had impressive results in the trading and investment banking businesses, with its trading revenues rising by +16% with its stock price entering all time high territory, as investors bet that the new leadership team in charge, will outperform its rivals in the quarters to come with its strategic positioning.
Revenues recorded an 8% increase YoY, driven by healthy growth on all of core businesses and the EPS metric toppled analysts estimates, rising to $1.96, recording 29% growth compared to the prior year.
All the aforementioned banks received upward revisions by analysts given their performance and buoyant expectations for the quarters ahead.
Technical Analysis
GS Chart – Goldman on the verge of breaking into fresh record highs after impressive earnings beats
Resistance: 726 (R1), 750 (R2), 780 (R3)
Support: 665 (S1), 635 (S2), 605 (S3)
