Goldman Sachs, Morgan Stanley Profits Surge on Higher Trading Revenue - WSJ
1. Goldman Sachs' trading revenue surged 22% driven by market volatility. 2. Second-quarter profit reached $3.72 billion, exceeding analyst expectations. 3. Increased dealmaking activity noted amid improved CEO confidence. 4. Investment-banking revenue rose 26%, primarily from advisory fees. 5. Global M&A activity is down, but demand for larger deals is growing.