Goldman Sachs reported a 150% increase in second-quarter profits compared to a year ago, driven by a surge in investment banking, signaling a positive trend on Wall Street after a two-year drought. CEO David Solomon, facing challenges last year, now has momentum with net income of $3.04 billion, surpassing analyst expectations, and total revenues of $12.73 billion, up 17% from last year. The stock rose by more than 1% in pre-market trading Monday and has climbed 24% year-to-date. The investment banking sector saw significant growth, with fees up 21% to $1.7 billion, led by increases in debt and equity underwriting. While there was a drop in investment banking performance compared to the first quarter, overall, Goldman Sachs remains a strong player benefiting from the rebound in investment banking. Other major banks like JPMorgan Chase, Wells Fargo, and Citigroup have also seen revenue growth in their investment banking divisions. This positive performance in investment banking comes at a time when challenges are rising in Main Street consumer operations for many banks.