Goldman traders rescue earnings from investment-banking slump

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Trading operation of New York firm posts 32% surge in second-quarter revenue

Goldman Sachs’s traders countered the industry’s deal-making slump with revenue gains that raced past analysts’ estimates.

Goldman was the last of the six biggest US banks to post results, with investors scouring the reports for clues on the health of the economy. Investment-banking revenue fell 41%, reflecting a sharp drop in underwriting, a decline that had been well telegraphed as clients steered clear of capital markets. Analysts were expecting it to fall 46%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Infrastructure investment a solution to SA’s low GDP, jobs and poverty woesSPONSORED | A SanlamInvest Critical Conversations event analysed how an increase in electricity, health care, schooling and transport investments could improve the country’s economic capacity and people’s lives.
Source: BDliveSA - 🏆 12. / 63 Read more »