The Financial Post reports in its Thursday, July 17, edition that Goldman Sachs's stock traders achieved the highest revenue in Wall Street history, marking a record second straight quarter. A Bloomberg dispatch to the Post reports that at $4.3-billion, equity-trading revenue for the second quarter was about $600-million more than what analysts were expecting and $100-million above the first quarter total (all figures U.S.). That also pushed profit above expectations for the period. Trading desks across Wall Street benefited from the tariff upheaval. While Goldman's stock-trading revenue increased from three months earlier, the figures declined at Morgan Stanley, Bank of America and JPMorgan. Goldman has been trying to expand its trading business, one of Wall Street's most profitable, against rising competition from Morgan Stanley and market makers such as Jane Street Group and Citadel Securities. Goldman shares are up 22 per cent this year. The surge in equities revenue was driven by intermediation, which rose 45 per cent from the same quarter last year. "The economy and markets are generally responding positively to the evolving policy environment," chief executive officer David Solomon said.