Goldman Sachs (GS) Q2 2026 (USD): EPS 20.98 (exp. 14.47), Revenue 20.34bln (exp. 16.20bln), Provision for credit losses 102mln (exp. 204.9mln); Raises quarterly dividend to 5/shr in Q3 (prev. 4.50)

• NII 3.95bln.
• FICC sales & trading revenue 4.59bln (exp. 3.76bln).
• Equities sales & trading revenue 7.42bln (exp. 5.02bln).

Commentary:

• Q2 platform solutions revenue drop mainly due to net markdowns in net revenues related to Apple card loan portfolio.
• Q2 provisions for credit losses primarily reflected impairments related to wholesale loans.
• Operating expenses were significantly higher Y/Y, primarily reflecting significantly higher compensation and benefits expenses.