New York (CNN Business) Goldman Sachs, once known as the Vampire Squid of Wall Street, may have gotten a friendlier makeover under CEO David Solomon. But the investment banking giant is still spreading its tentacles into many corners of the market — and making huge sums of money in the process. The bank said Tuesday that it reported a net profit of nearly $5.5 billion, or $15.02 a share, in the second quarter. But the stock has soared more than 40% this year, making it the second-best performing stock in the Dow for 2021. Goldman Sachs has benefited from the stunning comeback in the stock market.

Source: CNN July 13, 2021 12:17 UTC