Megabanks Set to Report Q2 Earnings: Goldman, BofA, and Morgan Stanley Expected to Outperform

Thursday, Jul 17, 2025 5:55 am ET1min read

Megabanks Goldman Sachs, Bank of America, and Morgan Stanley are set to report Q2 earnings on Wednesday, highlighting dealmaking, sales and trading, and consumer activity performance. Despite expectations of higher earnings, they face high bars to clear after strong performances in previous quarters. The reports will provide insight into the banks' health and financial stability.

Title: Megabanks Goldman Sachs, Bank of America, and Morgan Stanley Report Q2 Earnings

Megabanks Goldman Sachs, Bank of America, and Morgan Stanley are set to report their Q2 earnings on Wednesday, providing valuable insights into their financial health and stability. Despite expectations of higher earnings, these institutions face high bars to clear after strong performances in previous quarters. The reports will focus on dealmaking, sales and trading, and consumer activity performance.

Goldman Sachs, led by CEO David Solomon, is expected to report earnings that highlight robust trading activity and a resilient deal-making environment. The bank's equities trading surged 36% in the second quarter, while investment banking fees rose 26% [2]. Despite these gains, Solomon acknowledged the importance of risk management due to policy developments.

Morgan Stanley, led by CEO Ted Pick, is anticipated to report strong earnings driven by its wealth management unit. The company's net income rose to $3.5 billion, with revenue climbing to $16.8 billion. However, investment banking revenue fell 5% due to fewer completed M&A deals [1]. Pick noted a rebound in capital markets in the latter half of the quarter.

Bank of America, led by CEO Brian Moynihan, is expected to report earnings that reflect its strong performance in net interest income and trading revenue. The bank's net interest income reached $14.67 billion, and trading revenue adjusted for Debit Value Adjustment (DVA) came in at $5.38 billion, both beating forecasts [2]. Despite trimming its stake in 2024 and early 2025, Berkshire Hathaway continues to hold a significant position in the bank.

Investors and financial professionals will closely monitor these reports to gauge the banks' ability to navigate the current economic climate, including tariff uncertainty and market volatility. The earnings season is expected to offer a clearer picture of the banks' resilience and future prospects.

References:
[1] https://hk.finance.yahoo.com/quote/MSCL.SN/news/
[2] https://www.cnbctv18.com/market/big-bank-q2-earnings-wall-street-trump-tariffs-19638390.htm

Megabanks Set to Report Q2 Earnings: Goldman, BofA, and Morgan Stanley Expected to Outperform

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