Goldman Sachs's second quarter secret: Equity underwriting

Goldman Sachs' earnings in the second quarter beat analysts expectations by a whopping 35 percent, keeping its hot earnings streak intact. The secret sauce turned out to be a stellar performance in equity underwriting; revenue was the highest it's been in eight years, $616 million. That's more than double Morgan Stanley's comparable revenue. Financial News Online gets behind the numbers, noting Goldman benefited from a lot of the follow-on activity by financial firms desperate for cash. Goldman also served as an underwriter of the massive Visa deal, and worked on a few big deals in Europe.  

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