Goldman Sachs Group Inc. reported a surprise increase in second-quarter profit as fixed-income revenue fell less than many analysts projected and investment-banking fees rose.

Net income climbed 5 percent to $2.04 billion, or $4.10 a share, from $1.93 billion, or $3.70, a year earlier, the New York-based company said Tuesday in a statement. That beat the $3.09 average estimate of 25 analysts in a Bloomberg survey.

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