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%.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman traders rescue earnings from investment-banking slumpTrading operation of New York firm posts 32% surge in second-quarter revenue
Source: BDliveSA - 🏆 12. / 63 Read more »
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 »
MARKET WRAP: JSE follows global peers higher as positive US corporate earnings lift sentimentThis week the focus will be on the response from central banks to high inflation and concerns about slowing growth
Source: BDliveSA - 🏆 12. / 63 Read more »
Tech services group Sebata’s headline earnings plungeThe former MicroMega Holdings posts a R705.8m loss compared with a R50.9m loss a year earlier I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Mike_Rosehart , and I gave Bitcoin trading another try, I successfully withdrew R240,000 after two weeks of trading, am so grateful Mike_Rosehart thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »