Goldman Sachs surges on trading and investment boom
Revenue from equities trading jumps 68% to $3.7bn in first quarter
14 April 2021 - 17:14
New York — Goldman Sachs surged past Wall Street expectations for first-quarter profit on Wednesday, as the US investment banking giant capitalised on record levels of global deal making and a coronavirus-driven boom in equity trading.
An unprecedented boom in private firms merging with listed shell companies to go public helped Goldman earn handsome fees from such deals, resulting in a 73% jump in revenue from investment banking to $3.77bn...
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