Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.

David Solomon, Goldman Sachs chairman and CEO, joins 'Money Movers' to discuss his expectations from the Fed and the impact of tariffs and deregulation.

Goldman Sachs Group Inc. (NYSE:GS) shares traded higher Wednesday after the firm reported second-quarter results that beat analyst expectations, boosted by robust gains in its global banking and trading divisions.

Goldman Sachs led in advisory value with $23.8bn in transactions, while PwC topped in deal volume with 52 transactions.

Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.

Goldman is ushering in a “hybrid workforce” era in which humans and AI coexist. Its newest autonomous employee, Devin, joins the nearly 12,000 existing software engineers at the company.

Goldman Sachs’ strong performance in equities and fixed income helps US investment bank post 22% rise in profit