Goldman Sachs (NYSE:GS) on Wednesday reported record quarterly equities revenue of $4.30B, driven by a huge uptick in market activity as traders rushed to tweak their portfolios to address risks from U.

Goldman Sachs' second-quarter profit exceeded Wall Street expectations, as turbulent markets raised revenue in its equities division to a record, and a pickup in dealmaking boosted investment banking.

The turmoil boosted trading desks across Wall Street. Goldman's equities trading revenue rose 36% to $4.3 billion, while fixed income, currencies and commodities hauled in $3.47 billion, 9% higher than a year ago.