00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Goldman Sachs reported earnings of $20.98 per share and $20.34 billion in revenue,
00:09beating analysts' estimate of $69.13 billion, according to Benzinga.
00:13Management seized opportunities in AI infrastructure, strategic transactions,
00:18and private markets while prioritizing risk management and operational efficiency.
00:23Global banking and markets drove the results, with a 39% increase in revenue.
00:28The bank maintained its lead in mergers and acquisitions
00:31after advising on $1 trillion in announced deals during the first half.
00:36Its alternatives platform reached $459 billion in assets
00:40and raised a record $59 billion during the quarter.
00:44The bank raised its full-year fundraising outlook to above $125 billion.
00:49CEO David Solomon said the AI investment cycle remains in its early stages
00:54and is driving demand for infrastructure, energy, and data centers.
00:58Goldman raised its dividend 25% to $5 and repurchased $4 billion in stock.
01:04Shares were down by 0.09% at $139 in Wednesday's pre-market trading,
01:10according to Benzinga ProData.
01:11For all things money, visit Benzinga.com.
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