Although currently operating in the slowest period for the investment banking sector since 2009, Goldman Sachs managed to outperform expectations of earnings in their second quarter.

Earnings per share, expected at $3 per share, came in at $3.72. Revenue was as high as $7.93 billion, $450 million greater than expected. Net earnings stand at $1.82 billion for the quarter.

The Financial Times writes that the 88 percent rise in earnings per share in comparison to the first quarter stems from strong performance from undertaken mergers, acquisitions and debt-underwriting.

Goldman Sachs’ chairman and chief executive officer said: “Despite the uncertainty created by Brexit, we achieve solid results by continuing to serve our clients across our diversified franchise and by managing our business efficiently.”

Goldman’s earnings were in line with the positive trend set by other American Banks. JP Morgan easily beat estimations of earnings for the second quarter last week. Wells Fargo, Citi Group and BoA matched expectations.

Revenues are still low across the sector, with all banks recording earnings lower than last years. However, they have started to recover from a low in the first quarter of this year. In the start of the year, particularly Goldman Sachs, was hit by exposure volatile assets. It remains to see if investor uncertainty post Brexit will have an impact on earnings in the coming quarter.