Goldman Sachs (NYSE: GS) reports record Q2 2026 revenue and EPS surge

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. reported record second-quarter 2026 results, with net revenues of $20,338 million, net earnings of $6,628 million and diluted EPS of $20.98. Annualized ROE was 23.5% and ROTE 25.5%, and the efficiency ratio was 57.4%.

Global Banking & Markets delivered record net revenues of $15,520 million, driven by significantly higher Equities and FICC revenues and 55% higher investment banking fees year-on-year. Asset & Wealth Management net revenues rose to $4,597 million, supported by record management and other fees and higher gains from private equity investments, while Platform Solutions generated $221 million of net revenues and a small loss.

Assets under supervision reached a record $4.04 trillion, including $91 billion of long-term net inflows and record $59 billion of third-party alternatives fundraising. The quarterly dividend was increased 11% to $5.00 per common share for 3Q26, and $5.36 billion was returned to common shareholders, including $4.00 billion of share repurchases, while the Standardized CET1 capital ratio stood at 12.9%.

Positive

• Record profitability: net revenues of $20,338 million, net earnings to common of $6,399 million and diluted EPS of $20.98, with EPS up 92% and net earnings to common up 84% year-on-year.
• Strong Global Banking & Markets performance: segment net revenues rose 53% year-on-year to $15,520 million, with record Equities, significantly higher FICC revenues and 55% higher investment banking fees.
• Growing fee and asset base: assets under supervision reached a record $4.04 trillion, including $91 billion in long-term net inflows and record $59 billion in gross third-party alternatives fundraising, supporting record management and other fees.

Negative

• Platform Solutions weakness: segment net revenues fell 64% year-on-year to $221 million and it posted a pre-tax loss of $48 million, driven by net markdowns on the Apple Card loan portfolio held for sale.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net revenues 2Q26: $20,338 million Net earnings to common 2Q26: $6,399 million Diluted EPS 2Q26: $20.98 +5 more

8 metrics

Net revenues 2Q26 $20,338 million Consolidated net revenues for quarter ended June 30, 2026

Net earnings to common 2Q26 $6,399 million Net earnings applicable to common shareholders in Q2 2026

Diluted EPS 2Q26 $20.98 Diluted earnings per share for second quarter 2026

Annualized ROE 2Q26 23.5% Return on average common shareholders’ equity for Q2 2026

Assets under supervision 2Q26 $4.04 trillion Total AUS at June 30, 2026, a record level

Quarterly dividend 3Q26 $5.00 per common share Dividend per common share increased 11% for third quarter 2026

Share repurchases 2Q26 $4.00 billion Cost of 4.1 million common shares repurchased during Q2 2026

Standardized CET1 ratio 2Q26 12.9% Common Equity Tier 1 capital ratio under Standardized approach at Q2 2026

Key Terms

assets under supervision, FICC, supplementary leverage ratio, tangible book value per common share, +2 more

6 terms

assets under supervision financial

"AUS increased $391 billion to a record $4.04 trillion"

Assets under supervision are the total value of investments a financial firm oversees or advises on without having full control of the money — the firm monitors performance, gives guidance, or reports on those assets but does not hold the funds outright. For investors, this number shows how much business and potential fee income a firm touches, similar to a consultant advising on a factory’s operations: the consultant influences decisions and earns fees, but doesn’t own or directly manage the machines.

FICC financial

"FICC reflected significantly higher net revenues in intermediation"

supplementary leverage ratio regulatory

"Supplementary leverage ratio (SLR) 4.3% 4.7% 5.2%"

tangible book value per common share financial

"Tangible book value per common share (TBVPS) is calculated by dividing"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

efficiency ratio financial

"efficiency ratio – see “Results of Operations – Operating Expenses”"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

global core liquid assets financial

"global core liquid assets (GCLA) – see “Risk Management – Liquidity Risk"

Earnings Snapshot

Net revenues: $20,338 million (2Q26)

Quarter ended June 30, 2026

Net revenues $20,338 million (2Q26) 39% higher vs 2Q25

Net earnings to common $6,399 million (2Q26) 84% higher vs 2Q25

Diluted EPS $20.98 (2Q26) 92% higher vs 2Q25

Annualized ROE 23.5% (2Q26) Up 10.7 percentage points vs 2Q25

Assets under supervision $4.04 trillion (2Q26) Up from $3.65 trillion at 1Q26

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Available on EDGAR 07/14/2026 - 07:31 AM Accepted by SEC EDGAR 07/14/2026 - 07:30 AM Learn about SEC filing dates

FAQ

What were Goldman Sachs (GS) net revenues and earnings in Q2 2026?

Goldman Sachs reported Q2 2026 net revenues of $20,338 million and net earnings of $6,628 million. Net earnings applicable to common shareholders were $6,399 million, and diluted EPS was $20.98, significantly higher than in the prior-year quarter.

How did Goldman Sachs (GS) main business segments perform in Q2 2026?

Global Banking & Markets generated record net revenues of $15,520 million, up 53% year-on-year. Asset & Wealth Management produced $4,597 million of net revenues, up 20%, while Platform Solutions had net revenues of $221 million and a modest pre-tax loss.

What were Goldman Sachs (GS) returns on equity in Q2 2026?

For Q2 2026, Goldman Sachs reported an annualized ROE of 23.5% and ROTE of 25.5%. Year-to-date, ROE was 21.7% and ROTE 23.4%, reflecting stronger profitability versus the same period in 2025.

How large were Goldman Sachs (GS) assets under supervision in Q2 2026?

Assets under supervision reached a record $4.04 trillion in Q2 2026, up from $3.65 trillion in Q1 2026. The quarter included $91 billion of long-term net inflows and $139 billion of liquidity product net inflows, plus net market appreciation.

What capital returns did Goldman Sachs (GS) make to shareholders in Q2 2026?

Goldman Sachs returned $5.36 billion of capital to common shareholders in Q2 2026, including $4.00 billion of share repurchases (4.1 million shares) and $1.36 billion of common stock dividends, while maintaining a 12.9% Standardized CET1 ratio.

What changes did Goldman Sachs (GS) announce to its dividend for 3Q26?

The firm increased its quarterly dividend to $5.00 per common share for 3Q26, an 11% increase quarter-on-quarter and 25% higher year-on-year, signaling a higher regular cash return to common shareholders.

How did Goldman Sachs (GS) Platform Solutions segment perform in Q2 2026?

Platform Solutions reported $221 million of net revenues, down 64% year-on-year, and a pre-tax loss of $48 million. Results were primarily affected by net markdowns on the Apple Card loan portfolio, which had been transferred to held for sale in 4Q25.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 14, 2026

The Goldman Sachs Group, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number: 001-14965

Delaware						13-4019460
(State or other jurisdiction of incorporation)						(IRS Employer Identification No.)
200 West Street, New York, NY						10282
(Address of principal executive offices)						(Zip Code)

(212) 902-1000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Exchange on which registered

Common stock, par value $.01 per share

GS

NYSE

Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series A

GS PrA

NYSE

Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series C

GS PrC

NYSE

Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series D

GS PrD

NYSE

5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II

GS/43PE

NYSE

Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital III

GS/43PF

NYSE

Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due March 2031 of GS Finance Corp.

GS/31B

NYSE

Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due May 2031 of GS Finance Corp.

GS/31X

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

TABLE OF CONTENTS

Item 2.02 Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure

Item 9.01 Financial Statements and Exhibits

SIGNATURE

Exhibit 99.1: PRESS RELEASE

Exhibit 99.2: PRESENTATION

Item 2.02 Results of Operations and Financial Condition.

On July 14, 2026, The Goldman Sachs Group, Inc. (Group Inc. and, together with its consolidated subsidiaries, the firm) reported its earnings for the second quarter ended June 30, 2026. A copy of Group Inc.’s press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On July 14, 2026, at 9:30 a.m. (ET), the firm will hold a conference call to discuss the firm’s financial results, outlook and related matters. A copy of the presentation for the conference call is attached as Exhibit 99.2 to this Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

99.1			Press release of Group Inc. dated July 14, 2026 containing financial information for its second quarter ended June 30, 2026.
Exhibit 99.1 shall be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (Exchange Act).
99.2			Presentation of Group Inc. dated July 14, 2026, for the conference call on July 14, 2026.
Exhibit 99.2 is being furnished pursuant to Item 7.01 of Form 8-K and the information included therein shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Group Inc. under the Securities Act of 1933 or the Exchange Act.
101			Pursuant to Rule 406 of Regulation S-T, the cover page information is formatted in iXBRL (Inline eXtensible Business Reporting Language).
104			Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE GOLDMAN SACHS GROUP, INC. (Registrant)

Date: July 14, 2026

By:

/s/ Denis P. Coleman III

Name: Denis P. Coleman III

Title: Chief Financial Officer

114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Second Quarter 2026 Earnings Results Presentation July 14, 2026 Exhibit 99.2

1 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade ■ Record net revenues and diluted EPS1; 2nd highest net earnings ■ Record net revenues in GBM, including record Equities (record intermediation and financing), record Debt underwriting and record FICC financing ■ #1 in announced and completed M&A, equity & equity-related offerings and leveraged lending; #2 in high- yield debt3 ■ Record Management and other fees ■ Record AUS4 of $4.04 trillion; 34th consecutive quarter of long-term fee-based net inflows; record third-party alternatives fundraising ■ Increased quarterly dividend by 11% to $5.00 per common share in 3Q26 Results Snapshot Quarterly Highlights Net Revenues $ in millions 2Q26 $20,338 2Q26 YTD $37,565 Net Earnings $ in millions 2Q26 $6,628 2Q26 YTD $12,258 Annualized ROE2 2Q26 23.5% 2Q26 YTD 21.7% Annualized ROTE2 2Q26 25.5% 2Q26 YTD 23.4% Book Value Per Share 2Q26 $367.67 YTD Growth 2.8% EPS1 2Q26 $20.98 2Q26 YTD $38.51 “Our record performance this quarter reflects the strength of our global franchise, the depth of our relationships, and our ability to harness the power of One Goldman Sachs. Momentum has accelerated throughout our businesses. Clients are turning to us to lead their most strategic and consequential transactions, which are often the genesis of activity across the franchise. We are relentlessly driving our long- term growth strategy across Global Banking & Markets and Asset & Wealth Management, and given what we see in our pipelines, we expect this flywheel of activity to continue." ____________________ David Solomon Chairman and Chief Executive Officer

2 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade $20,338 $17,227 $14,583 $4,597 $4,078 $3,831 $15,520 $12,738 $10,133 Global Banking & Markets Asset & Wealth Management Platform Solutions 2Q26 1Q26 2Q25 Financial Overview Financial Results Financial Overview Highlights ■ 2Q26 results included EPS1 of $20.98 and ROE of 23.5% ‐ Net revenues were a record and significantly higher YoY, primarily reflecting significantly higher net revenues in Global Banking & Markets ‐ Provision for credit losses of $102 million primarily reflected impairments related to wholesale loans ‐ Operating expenses were significantly higher YoY, primarily reflecting significantly higher compensation and benefits expenses (reflecting improved operating performance) and transaction based expenses $ in millions except per share amounts 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Global Banking & Markets $ 15,520 22% 53% $ 28,258 35% Asset & Wealth Management 4,597 13% 20% 8,675 15% Platform Solutions 221 (46)% (64)% 632 (49)% Net revenues 20,338 18% 39% 37,565 27% Provision for credit losses 102 (68)% (73)% 417 (38)% Operating expenses 11,673 12% 26% 22,099 20% Pre-tax earnings $ 8,563 32% 73% $ 15,049 42% Net earnings $ 6,628 18% 78% $ 12,258 45% Net earnings to common $ 6,399 18% 84% $ 11,802 46% Diluted EPS1 $ 20.98 20% 92% $ 38.51 54% ROE2 23.5% 3.7pp 10.7pp 21.7% 6.9pp ROTE2 25.5% 4.2pp 11.9pp 23.4% 7.6pp Efficiency Ratio4 57.4% (3.1)pp (6.0)pp 58.8% (3.2)pp Net Revenues by Segment ($ in millions) $221 $411 $619

3 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Global Banking & Markets Financial Results Global Banking & Markets Highlights ■ 2Q26 net revenues were a record and significantly higher YoY ‐ Investment banking fees reflected significantly higher net revenues in Equity underwriting and in Debt underwriting and higher net revenues in Advisory ‐ FICC reflected significantly higher net revenues in intermediation and higher net revenues in financing ‐ Equities reflected significantly higher net revenues in intermediation and in financing ■ Investment banking fees backlog4 increased QoQ, driven by an increase in Advisory, partially offset by a significant decrease in Debt underwriting ■ 2Q26 select data4: ‐ Total assets of $1.88 trillion ‐ Loan balance of $188 billion ‐ Net interest income of $2.62 billion $ in millions 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Investment banking fees $ 3,395 20% 55% $ 6,235 52% FICC 4,592 14% 32% 8,603 9% Equities 7,416 39% 72% 12,742 50% Other 117 (79)% (24)% 678 92% Net revenues 15,520 22% 53% 28,258 35% Provision for credit losses 75 (70)% (57)% 323 35% Operating expenses 7,946 13% 35% 14,955 27% Pre-tax earnings $ 7,499 37% 84% $ 12,980 47% Net earnings $ 5,815 22% 90% $ 10,573 50% Net earnings to common $ 5,629 23% 97% $ 10,203 52% Average common equity $ 81,817 — 3% $ 81,785 3% Return on average common equity 27.5% 5.2pp 13.1pp 25.0% 8.1pp Global Banking & Markets Net Revenues ($ in millions) $15,520 $12,738 $10,133 $7,416 $5,326 $4,301 $4,592 $4,011 $3,487 $3,395 $2,840 $2,191 Investment banking fees FICC Equities Other 2Q26 1Q26 2Q25 $117 $561 $154

4 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Global Banking & Markets – Net Revenues Net Revenues Global Banking & Markets Net Revenues Highlights ■ 2Q26 Investment banking fees were significantly higher YoY ‐ Advisory reflected an increase in industry-wide completed mergers and acquisitions volumes ‐ Equity underwriting primarily reflected significantly higher net revenues from secondary and initial public offerings ‐ Record Debt underwriting primarily reflected significantly higher net revenues from leveraged finance and asset-backed activity ■ 2Q26 FICC net revenues were significantly higher YoY ‐ FICC intermediation reflected significantly higher net revenues in interest rate products and in commodities, higher net revenues in mortgages and slightly higher net revenues in currencies, partially offset by lower net revenues in credit products ‐ Record FICC financing included higher net revenues in mortgages and structured lending ■ 2Q26 Equities net revenues were a record and significantly higher YoY ‐ Record Equities intermediation reflected significantly higher net revenues in derivatives and in cash products ‐ Record Equities financing primarily reflected significantly higher net revenues in prime financing ■ 2Q26 Other net revenues were lower YoY, reflecting lower net revenues in relationship lending, partially offset by higher net revenues in transaction banking $ in millions 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Advisory $ 1,378 (8)% 17% $ 2,872 46% Equity underwriting 985 84% 130% 1,520 90% Debt underwriting 1,032 27% 75% 1,843 37% Investment banking fees 3,395 20% 55% 6,235 52% FICC intermediation 3,376 14% 39% 6,325 9% FICC financing 1,216 15% 14% 2,278 8% FICC 4,592 14% 32% 8,603 9% Equities intermediation 4,157 53% 60% 6,875 34% Equities financing 3,259 25% 91% 5,867 75% Equities 7,416 39% 72% 12,742 50% Other 117 (79)% (24)% 678 92% Net revenues $ 15,520 22% 53% $ 28,258 35%

5 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Asset & Wealth Management Financial Results Asset & Wealth Management Highlights ■ 2Q26 net revenues were significantly higher YoY ‐ Record Management and other fees primarily reflected the impact of higher average AUS ‐ Investments primarily reflected significantly higher net gains from investments in private equities ‐ Private banking and lending net revenues were lower, reflecting the impact of lower net interest margin related to Marcus deposits, partially offset by higher average Marcus and private bank deposit balances ■ 2Q26 YTD pre-tax margin of 24% ■ 2Q26 select data4: ‐ Management and other fees: Asset management $1.43 billion; Wealth management $1.92 billion ‐ Total Wealth management client assets of ~$2.0 trillion ‐ Total assets of $216 billion ‐ Loan balance of $53 billion, of which $48 billion related to Private banking and lending ‐ Net interest income of $662 million ‐ $ in millions 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Management and other fees $ 3,355 9% 20% $ 6,432 17% Incentive fees 112 (39)% 9% 295 27% Private banking and lending 689 8% (13)% 1,327 (12)% Investments 441 145% 222% 621 112% Net revenues 4,597 13% 20% 8,675 15% Provision for credit losses 27 (59)% N.M. 93 N.M. Operating expenses 3,458 12% 15% 6,540 11% Pre-tax earnings $ 1,112 20% 22% $ 2,042 17% Net earnings $ 856 6% 24% $ 1,663 19% Net earnings to common $ 820 6% 26% $ 1,590 20% Average common equity $ 23,822 3% (3)% $ 23,592 (4)% Return on average common equity 13.8% 0.4pp 3.3pp 13.5% 2.8pp Asset & Wealth Management Net Revenues ($ in millions) $4,597 $4,078 $3,831 $689 $638 $789 $3,355 $3,077 $2,802 Management and other fees Incentive fees Private banking and lending Investments 2Q26 1Q26 2Q25 $441 $180 $137 $112 $183 $103

6 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade ■ During the quarter, AUS increased $391 billion to a record $4.04 trillion ‐ Net inflows across asset classes, primarily driven by liquidity products and equity assets ‐ Net market appreciation primarily in equity assets ■ Total long-term AUS net inflows of $91 billion5 during the quarter, of which: ‐ $56 billion of net inflows in Third-party distributed client channel ‐ $19 billion of net inflows in Wealth management client channel ‐ $16 billion of net inflows in Institutional client channel Long-Term AUS by Client Channel4 AUS Highlights4 Asset & Wealth Management – Assets Under Supervision AUS Rollforward4 AUS by Asset Class4 2Q26 AUS by Region and Vehicle4 Americas EMEA Asia Region 73% 20% 7% $ in billions 2Q26 1Q26 2Q25 Alternative investments $ 459 $ 429 $ 371 Equity 1,123 954 857 Fixed income 1,394 1,341 1,237 Total long-term AUS 2,976 2,724 2,465 Liquidity products 1,065 926 828 Total AUS $ 4,041 $ 3,650 $ 3,293 $ in billions 2Q26 1Q26 2Q25 Institutional $ 1,252 $ 1,198 $ 1,110 Wealth management 1,041 950 862 Third-party distributed 683 576 493 Total long-term AUS $ 2,976 $ 2,724 $ 2,465 $ in billions 2Q26 1Q26 2Q25 Beginning balance $ 3,650 $ 3,606 $ 3,173 Long-term AUS net inflows / (outflows)5 91 62 17 Liquidity products net inflows / (outflows) 139 25 (12) Total AUS net inflows / (outflows) 230 87 5 Net market appreciation / (depreciation) 161 (43) 115 Total AUS $ 4,041 $ 3,650 $ 3,293 Separate accounts Public funds Private funds and other Vehicle 53% 29% 18%

7 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Asset & Wealth Management - Alternative Investments Alternative Investments Highlights4On-Balance Sheet Alternative Investments4 ■ 2Q26 Management and other fees from alternative investments were $725 million, up 22% compared with 2Q25 ■ During the quarter, alternative investments AUS increased $30 billion to $459 billion ■ 2Q26 gross third-party alternatives fundraising across strategies was a record $59 billion ($523 billion raised since 2019) 2Q26 $ in billions Average AUS Effective Fees (bps) Corporate equity $ 131 90 Credit 79 78 Real estate 26 64 Hedge funds and other 72 65 Funds and discretionary accounts 308 78 Corporate equity 40 18 Credit 27 18 Real estate 18 8 Hedge funds and other 52 18 Advisory and OCIO accounts 137 17 Total alternative investments AUS $ 445 58 Alternatives Fundraising4 ($ in billions)Alternative Investments AUS and Effective Fees4 $59 $9 $3 $31 $16 Corporate equity Credit Real estate Hedge funds and other 2Q26 $ in billions 2Q26 Loans $ 5.4 Debt securities 7.3 Equity securities 11.4 Other 1.8 Total on-balance sheet alternative investments $ 25.9

8 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Platform Solutions Financial Results Platform Solutions Highlights ■ 2Q26 net revenues were significantly lower YoY, primarily reflecting net markdowns recognized in net revenues related to the Apple Card loan portfolio, which was transferred to held for sale in 4Q25 ■ 2Q26 select data4: ‐ Total assets of $30 billion ‐ Loan balance of $20 billion ‐ Net interest income of $675 million $ in millions 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Net revenues $ 221 (46)% (64)% $ 632 (49)% Provision for credit losses — (100) % (100) % 1 (100)% Operating expenses 269 (20)% (21)% 604 (12)% Pre-tax earnings / (loss) $ (48) N.M. (66)% $ 27 (10)% Net earnings / (loss) $ (43) N.M. (65)% $ 22 (8)% Net earnings / (loss) to common $ (50) N.M. (43)% $ 9 (10)% Average common equity $ 3,425 (8)% (23)% $ 3,593 (20)% Return on average common equity (5.8)% (12.1)pp (2.6)pp 0.5% 0.1pp Platform Solutions Net Revenues ($ in millions) $221 $411 $619 2Q26 1Q26 2Q25

9 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade $261 $253 $217 $20 $19 $18 $53 $51 $50 $188 $183 $149 Global Banking & Markets Asset & Wealth Management Platform Solutions 2Q26 1Q26 2Q25 Loans and Net Interest Income Loans and Net Interest Income Highlights4 Loans by Segment4 ($ in billions) $ in billions 2Q26 1Q26 2Q25 Corporate $ 35 $ 38 $ 33 Commercial real estate 40 39 33 Residential real estate 36 33 29 Securities-based 19 18 18 Other collateralized 109 105 86 Credit cards 20 19 21 Other 4 3 2 Allowance for loan losses (2) (2) (5) Total loans $ 261 $ 253 $ 217 ■ 2Q26 loans increased QoQ ‐ Gross loans by type: $234 billion - amortized cost, $5 billion - fair value, $24 billion - held for sale ‐ Average loans of $261 billion ‐ Total allowance for loan losses and losses on lending commitments was $2.96 billion ($2.19 billion for funded loans) ■ Net charge-offs for 2Q26 of $185 million for an annualized net charge-off rate of 0.3% ■ Net interest income for 2Q26 was $3.95 billion, 27% higher YoY, reflecting an increase in interest-earning assets and a decrease in funding costs ‐ 2Q26 average interest-earning assets of $1.98 trillion Loans by Type4 Metrics 0.9% ALLL to total gross loans, at amortized cost as of 2Q26 ALLL to Gross Loans Gross Secured Loans ~85% of total gross loans are secured as of 2Q26

10 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Expenses Financial Results Expense Highlights ■ 2Q26 total operating expenses were significantly higher YoY ‐ Compensation and benefits expenses were significantly higher, reflecting improved operating performance ‐ Non-compensation expenses were significantly higher, primarily reflecting significantly higher transaction based expenses ■ 2Q26 YTD effective tax rate was 18.5%, up from 13.2% for 1Q26, primarily due to a decrease in the impact of tax benefits on the settlement of employee share-based awards, partially offset by an increase in other permanent tax benefits, for 2Q26 YTD compared with 1Q26 $ in millions 2Q26 vs. 1Q26 vs. 2Q25 2Q26 YTD vs. 2Q25 YTD Compensation and benefits $ 6,104 13% 30% $ 11,516 20% Transaction based 3,052 21% 56% 5,567 46% Market development 198 6% 19% 384 19% Communications and technology 635 9% 20% 1,218 18% Depreciation and amortization 509 3% (18)% 1,004 (11)% Occupancy 244 (4)% 4% 498 7% Professional fees 372 (2)% (15)% 751 (13)% Other expenses 559 (7)% (9)% 1,161 (2)% Total operating expenses $ 11,673 12% 26% $ 22,099 20% Provision for taxes $ 1,935 126% 57% $ 2,791 30% Effective tax rate 18.5% (1.7)pp 58.8% 62.0% 2Q26 YTD 2Q25 YTD Efficiency Ratio4

11 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade Capital and Balance Sheet Capital and Balance Sheet Highlights4Capital4 ■ Both Standardized and Advanced CET1 capital ratios increased QoQ, reflecting a decrease in market and credit RWAs ■ SLR decreased QoQ, reflecting an increase in on- and off-balance sheet exposure and a decrease in Tier 1 capital ■ Returned $5.36 billion of capital to common shareholders during the quarter ‐ 4.1 million common shares repurchased for a total cost of $4.00 billion ‐ $1.36 billion of common stock dividends ■ Increased the quarterly dividend to $5.00 per common share in 3Q26, up 11% QoQ and 25% YoY ■ Deposits of $558 billion consisted of consumer $228 billion, private bank $101 billion, transaction banking $83 billion, brokered CDs $52 billion, deposit sweep programs $42 billion and other $52 billion ■ Book value per common share increased 1.8% QoQ $ in billions 2Q26 1Q26 4Q25 Total assets $ 2,128 $ 2,060 $ 1,809 Deposits $ 558 $ 561 $ 501 Unsecured long-term borrowings $ 348 $ 315 $ 285 Shareholders' equity $ 123 $ 123 $ 125 Average GCLA $ 555 $ 494 $ 479 Book Value Selected Balance Sheet Data4 2Q26 1Q26 4Q25 Standardized CET1 capital ratio 12.9% 12.5% 14.3% Advanced CET1 capital ratio 13.7% 13.3% 15.1% Supplementary leverage ratio (SLR) 4.3% 4.7% 5.2% in millions, except per share amounts 2Q26 1Q26 4Q25 Basic shares4 298.4 302.0 307.1 Book value per common share $ 367.67 $ 361.19 $ 357.60 Tangible book value per common share2 $ 336.61 $ 336.28 $ 335.49

12 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only the firm’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the firm’s control. It is possible that the firm’s actual results, financial condition and liquidity may differ, possibly materially, from the anticipated results, financial condition and liquidity in these forward-looking statements. For information about some of the risks and important factors that could affect the firm’s future results, financial condition and liquidity and the forward-looking statements below, see “Risk Factors” in Part I, Item 1A of the firm’s Annual Report on Form 10-K for the year ended December 31, 2025. Information regarding the firm’s assets under supervision, total alternative assets, capital ratios, risk-weighted assets, supplementary leverage ratio, balance sheet data and global core liquid assets (GCLA) consists of preliminary estimates. These estimates are forward-looking statements and are subject to change, possibly materially, as the firm completes its financial statements. Statements regarding (i) forward catalysts, estimated GDP growth or contraction, interest rate and inflation trends and volatility, (ii) the timing, profitability, benefits and other prospective aspects of business initiatives (including via acquisitions and partnerships) and the achievability of targets and goals, (iii) the firm’s expense savings, productivity (including the opportunities presented by artificial intelligence (AI)) and strategic location initiatives, (iv) the future state of the firm’s liquidity and regulatory capital ratios (including the firm’s stress capital buffer (SCB) requirement and G-SIB buffer, and the potential impact of changes to U.S. regulatory capital rules), (v) the firm’s prospective capital distributions (including dividends and repurchases), (vi) the firm’s future effective income tax rate, (vii) the firm’s Investment banking fees backlog and future results, (viii) the firm’s planned benchmark debt issuances, and (ix) the firm's ability to transition the Apple Card program, and the timing of that transaction, are forward-looking statements. Statements regarding forward catalysts are subject to the risk that the actual operating environment may differ, possibly materially, due to, among other things, changes or the absence of changes in general economic and market conditions, CEO confidence, sponsor activity, productivity gains, and the regulatory backdrop. Statements regarding estimated GDP growth or contraction, interest rate and inflation trends and volatility are subject to the risk that actual GDP growth or contraction, interest rate and inflation trends and volatility may differ, possibly materially, due to, among other things, changes in general economic conditions and monetary, fiscal and trade policy, including tariffs, as well as the effects of the outbreak or escalation of wars or other conflicts. Statements about the timing, profitability, benefits and other prospective aspects of business (including via acquisitions and partnerships), expense savings and productivity initiatives (including the opportunities presented by AI) and the achievability of targets and goals are based on the firm’s current expectations regarding the firm’s ability to effectively implement these initiatives and achieve these targets and goals and may change, possibly materially, from what is currently expected. Statements about the future state of the firm’s liquidity and regulatory capital ratios (including the firm’s SCB requirement and G-SIB buffer), as well as its prospective capital distributions (including dividends and repurchases), are subject to the risk that the firm’s actual liquidity, regulatory capital ratios and capital distributions may differ, possibly materially, from what is currently expected, including due to, among other things, the results of supervisory stress tests and the finalization of outstanding regulatory capital rule proposals, which may not be what the firm expects. Statements about the firm’s future effective income tax rate are subject to the risk that the firm’s future effective income tax rate may differ from the anticipated rate indicated, possibly materially, due to, among other things, changes in the tax rates applicable to the firm, the firm’s earnings mix or profitability, the entities in which the firm generates profits and the assumptions made in forecasting the firm’s expected tax rate, and potential future guidance from tax authorities. Statements about the firm’s Investment banking fees backlog and future advisory and capital market results are subject to the risk that advisory and capital market activity may not increase as the firm expects or that transactions may be modified or may not be completed at all, and related net revenues may not be realized or may be materially less than expected. Important factors that could have such a result include, for underwriting transactions, a decline or weakness in general economic conditions, changes in international trade policies, including the potential for new or increased tariffs, the continuation or worsening of the conflict in the Middle East, volatility in the securities markets or an adverse development with respect to the issuer of the securities and, for financial advisory transactions, a decline in the securities markets, an inability to obtain adequate financing, an adverse development with respect to a party to the transaction or a failure to obtain a required regulatory approval. Statements regarding the firm’s planned benchmark debt issuances are subject to the risk that actual issuances may differ, possibly materially, due to changes in market conditions, business opportunities or the firm’s funding needs. Statements about the process to transition the Apple Card program are subject to the risk that the transaction may not close on the anticipated timeline or at all, including due to a failure to satisfy applicable closing conditions. Cautionary Note Regarding Forward-Looking Statements

13 114:151:197 255:255:255 0:0:0 Brand Colors A. 240:235:230 167:162:157 114:115:117 Brand Grays B. 220:220:224 187:187:191 Background Grays C. 253:243:173 184:208:245 242:203:231 153:224:217 245:208:206 198:233:189 Table Highlight D. E. 0:0:0 114:115:117 Table Borders F. Functional Data Colors 194:23:10 243:196:63G. 57:128:37 Primary Sequence 9:44:97 114:151:197 166:66:140 21:151:136 224:115:26 117:55:173 176:48:48 189:140:0 105.55.14 97:122:39 9:107:96 59:124:222 64:37:56 145:87:196 9:74:171 143:106:4 107:20:20 199:97:172 55:71:19 59:26:89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Theme Colors Primary Sequence Secondary Shade 1. Diluted EPS includes the dilutive effect of instruments that are convertible into common shares and other share-based arrangements. 2. Annualized return on average common shareholders’ equity (ROE) is calculated by dividing annualized net earnings applicable to common shareholders by average monthly common shareholders’ equity. Annualized return on average tangible common shareholders’ equity (ROTE) is calculated by dividing annualized net earnings applicable to common shareholders by average monthly tangible common shareholders’ equity. Tangible common shareholders’ equity is calculated as total shareholders’ equity less preferred stock, goodwill and identifiable intangible assets. Tangible book value per common share (TBVPS) is calculated by dividing tangible common shareholders’ equity by basic shares. Management believes that tangible common shareholders’ equity and TBVPS are meaningful because they are measures that the firm and investors use to assess capital adequacy and that ROTE is meaningful because it measures the performance of businesses consistently, whether they were acquired or developed internally. Tangible common shareholders’ equity, ROTE and TBVPS are non-GAAP measures and may not be comparable to similar non-GAAP measures used by other companies. The table below presents a reconciliation of average and ending common shareholders’ equity to average and ending tangible common shareholders’ equity: 3. Dealogic – January 1, 2026 through June 30, 2026. 4. For information about the following items, see the referenced sections in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2026: (i) Investment banking fees backlog – see “Results of Operations – Global Banking & Markets,” (ii) assets under supervision (AUS), Wealth management client assets and alternative assets – see “Results of Operations – Asset & Wealth Management,” (iii) efficiency ratio – see “Results of Operations – Operating Expenses,” (iv) basic shares – see “Balance Sheet and Funding Sources – Balance Sheet Analysis and Metrics,” (v) share repurchase program – see “Capital Management and Regulatory Capital – Capital Management” and (vi) global core liquid assets (GCLA) – see “Risk Management – Liquidity Risk Management." For information about the following items, see the referenced sections in Part I, Item 1 “Financial Statements (Unaudited)” in the firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2026: (i) interest-earning assets – see “Statistical Disclosures – Distribution of Assets, Liabilities and Shareholders’ Equity” and (ii) risk-based capital ratios and the supplementary leverage ratio – see Note 20 “Regulation and Capital Adequacy." Represents a preliminary estimate for the second quarter of 2026 for the firm's assets under supervision, Wealth management client assets, alternative assets, capital ratios, risk-weighted assets, supplementary leverage ratio, balance sheet data and global core liquid assets. These may be revised in the firm's Quarterly Report on Form 10-Q for the period ended June 30, 2026. 5. Includes $31 billion of inflows in long-term assets under supervision (in equity assets) in connection with the acquisition of Innovator Capital Management, partially offset by $15 billion of outflows in long-term assets under supervision (in fixed income and equity assets) in connection with the disposition of Goldman Sachs TFI, for the three months ended June 30, 2026. Includes $5 billion of inflows in long-term assets under supervision (in alternative investments) in connection with the acquisition of Industry Ventures for the three months ended March 31, 2026. Footnotes Unaudited, $ in millions AVERAGE FOR THE AS OF THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, 2026 MARCH 31, 2026 DECEMBER 31, 2025JUNE 30, 2026 JUNE 30, 2026 Total shareholders' equity $ 122,261 $ 122,591 $ 122,742 $ 122,782 $ 124,972 Preferred stock (13,197) (13,621) (13,028) (13,703) (15,153) Common shareholders' equity 109,064 108,970 109,714 109,079 109,819 Goodwill (7,163) (6,832) (7,342) (6,590) (5,949) Identifiable intangible assets (1,699) (1,367) (1,929) (932) (842) Tangible common shareholders' equity $ 100,202 $ 100,771 $ 100,443 $ 101,557 $ 103,028

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• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 37.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 19.6 KB