Goldman Sachs saw net profits of $2.04 billion for the second quarter of 2014, 5.5% higher than the $1.93 billion net profits at the same time last year.

In addition, net revenues for the U.S. bank rose to $9.1 billion from $8.6 billion, 6% higher year-on-year.

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Moreover, the investment management division of the bank generated record quarterly management and other fees of $1.2 billion as well as assets under supervision reaching a record $1.14 trillion.

Lloyd C. Blankfein, chairman and CEO, said: "We are pleased with our results for the quarter in the context of mixed operating conditions during the period. This performance was driven by the diversity, strength and breadth of our global client franchise. Good client activity in Investment Banking and Investment Management as well as a better environment for our Investing & Lending activities helped offset less favourable conditions for institutional client services."

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