Episode Details

Goldman Sachs shattered expectations in Q2 by deliberately abandoning retail banking to bankroll the physical infrastructure of the AI boom.

In ~10 minutes:

- Why an SLR of 4.3% forces balance sheet rationing

- How physical AI infrastructure is driving a 90% M&A spike

- The brutal 64% collapse of their consumer banking experiment

- Turning corporate advisory deals into sticky private wealth leads

Despite a massive 39% year-over-year revenue surge to $20.3 billion, Goldman actually managed to shrink its headcount this quarter. With the Apple Card pivot decisively in the rearview mirror, David Solomon's firm is now hyper-focused on its bread and butter: aggressively pricing leverage for top-tier prime clients and underwriting the multi-billion dollar data centers required for the next phase of AI.

Goldman Sachs (GS) | Q2 FY2026

AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.