Goldman Sachs' Q2 Profit Jumps 150% on Higher Investment Banking Revenue

Key TakeawaysGoldman Sachs' second-quarter profit more than doubled year-over-year as revenue from investment banking fees and asset management surged.The banking giant's results came in higher than analysts expected, joining other banks like Wells Fargo, JPMorgan Chase, and Citigroup in beating Q2 estimates.Goldman also announced plans to raise its dividend to $3 per share, up from $2.75 per share previously. Goldman Sachs' (GS) efforts to refocus on its Wall Street operations is paying off, as second-quar ...