Goldman Sachs reported solid QQ2 2024 results, underpinned by broad-based strength across Global Banking & Markets (GBM) and Asset Wealth Management (AWM). Net revenues of $12.7 billion and net earnings of $3.0 billion yielded EPS of $8.62 and an ROE of 10.9% for the quarter (ROE 12.8% for the first half). GBM revenues rose 14% YoY to $8.2 billion, driven by advisory, underwriting, and especially record FIC and equities financing revenues. AWM delivered resilient growth with $3.9 billion in revenues, up 27% YoY, supported by durable management and other fees totaling $2.5 billion and private banking & lending of $707 million. Assets Under Supervision reached a record $2.9 trillion, with AUS fundraising and alt investments remaining meaningful growth engines (alts AUS $314B; YTD fundraising $36B). The firm continued to shift toward more durable revenue streams, with record first-half revenues across FIC and equities financing, and management/other fees. Management signaled optimism on the M&A and equity market recovery, highlighted AI enablement as a long-term productivity and client-growth catalyst, and reaffirmed a commitment to capital discipline amid higher stress capital buffer (SCB) requirements.