The Numbers Don't Lie: A Closer Look at Goldman Sachs

The video discusses the surge in fixed income trading among major banks, highlighting Goldman Sachs' significant gains. Goldman outperformed competitors by focusing heavily on trading, which constitutes a large portion of its revenue. Despite a previous decline in industry revenue, a rebound is noted, improving profitability. Cost-cutting measures have also contributed to Goldman's success, and the bank is well-positioned for potential interest rate hikes.

Which strategy did Goldman Sachs CEO Lloyd Blankfein follow that was validated by the surge in fixed income trading?

• Expanding into new markets

• Sticking with the trading business

• Focusing on retail banking

• Diversifying into technology

What percentage of Goldman's revenue is made up by trading?

• 75%

• 60%

• 45%

• 30%

How much did Goldman's fixed income trading increase in the last quarter?

• 33%

• 40%

• 49%

• 55%

What was Goldman's return on equity in the third quarter?

• 13%

• 10%

• 11%

• 8%

What did Goldman CFO Harvey Schwartz say about the bank's position regarding interest rates?

• The bank is well positioned if rates move higher

• The bank plans to lower its interest rates

• The bank expects rates to remain stable

• The bank is unprepared for rate changes