Goldman Sachs 4Q Earnings Beat on Bond-Trading Surge

The transcript discusses financial results, including earnings per share and trading revenue, highlighting significant beats in expectations. It covers staffing trends, with a focus on headcount reductions and the impact of bonuses. The discussion also touches on changes in the banking sector, particularly in staffing mix and compliance. Trading performance, client sentiment, and future outlooks, including Brexit and Volker, are analyzed. Finally, the transcript explores Goldman Sachs' emphasis on technology and its potential impact on their business model.

What was the earnings per share reported, and how did it compare to expectations?

• $4.50, below expectations

• $5.08, above expectations

• $5.08, below expectations

• $4.50, above expectations

What was the percentage decrease in total staff at Goldman Sachs during 2016?

• 5%

• 2%

• 7%

• 10%

Which bank reported a 78% increase in fixed income trading results?

• JP Morgan

• Morgan Stanley

• Bank of America

• Goldman Sachs

What is a key question regarding the future outlook of the banks?

• The impact of Brexit

• The sustainability of earnings

• The number of new hires

• The level of bonuses

What technological advancement is Goldman Sachs focusing on?

• Their first loan

• Blockchain technology

• Cloud computing

• Artificial intelligence