Goldman's Trading Revenue Surges in Second Quarter

The transcript discusses Goldman Sachs' strong performance in trading revenue, particularly in fixed income, currencies, and commodities. The company outperformed competitors like JP Morgan and Citigroup. While equities trading also exceeded expectations, investment banking fell short, except for the advisory sector, which remained strong. Challenges were noted in underwriting fees, with projections indicating lighter pipelines for debt and equity underwriting. Declines in asset values were also observed, affecting their asset management and lending portfolios.

What was the percentage increase in Goldman Sachs' fixed income trading?

• 54%

• 44%

• 34%

• 24%

Which area of Goldman Sachs' business is described as the 'king of Wall Street'?

• Equities Trading

• Fixed Income Trading

• Advisory Services

• Asset Management

In which area did Goldman Sachs fall short in investment banking?

• Fixed Income Trading

• Equities Trading

• Underwriting Fees

• Advisory Services

What is the projected trend for Goldman Sachs' debt and equity underwriting?

• Decrease in pipelines

• No change in pipelines

• Stable pipelines

• Increase in pipelines

What impact do lower asset values have on Goldman Sachs?

• Increase in equity portfolio value

• Increase in underwriting fees

• Stable asset manager values

• Decrease in lending book value