India, July 14 -- Goldman Sachs stock was trading high after the massive jump in the second quarter. The net profit rose 78% from a year ago due to its earnings from stock trading and investment banking. The bank made $6.6 billion in net profit during the quarter. That worked out to $21 earnings per share, much higher than the $14.50 per share that Wall Street analysts had expected.

The revenue earned by Goldman Sachs was much more than expected. Total net revenue rose 39% year over year to $20.3 billion, beating analysts' estimate of $16.2 billion.

CEO David Solomon said business is getting stronger across the company. "Momentum has accelerated throughout our businesses," Solomon said in the company's earnings statement. The strong res...