Goldman Sachs profit more than doubles in second quarter

By Sridhar Natarajan | Bloomberg

Goldman Sachs is posting a massive 150% jump in second quarter profits Monday, helped by a resurgence of dealmaking and underwriting that has revived investment banking after the slow-down of the previous couple years.

Both fixed-income and equity traders outpaced analysts’ estimates, while a rebounding capital-markets business helped drive better-than-expected results across much of the company’s Wall Street operations.

Still, in a surprise reversal...