Goldman Sachs trading revenue surges 93% in the second quarter
The bank also raked in record fees from helping companies raise cash to weather the pandemic, as US Fed stimulus boosted Wall Street trade
15 July 2020 - 17:25
New York — Goldman Sachs Group made the most of a historic market rebound in the second quarter as the US Federal Reserve’s stimulus efforts handed a bonanza to Wall Street trading desks. Revenue from trading stocks and bonds surged 93%, surpassing what analysts had expected by about $2.5bn and mirroring similar gains by JPMorgan Chase and Citigroup.
The bank also raked in record fees from helping companies raise cash needed to weather the coronavirus pandemic...
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