Goldman Sachs Group Inc’s traders once again helped rescue results from a sharp slowdown in investment banking just as the firm prepares for a reorganisation that will combine the two business units. The trading operation posted $6.2bn in third-quarter revenue, an 11% increase that was better than analysts had forecast. Fixed income led the gains, according to a statement yesterday that showed a 43% profit plunge. Goldman was the last major US bank to post results in a quarter that has highlighted the resilience of the US consumer. The continued health of the industry’s Main Street operations has helped spur revenue growth, and shelved concern for now about the risks of a sputtering economy
Hence then, the article about goldman s fixed income traders help counter bleak third quarter was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Goldman’s fixed-income traders help counter bleak third quarter )