Goldman Sees Slump in Fixed-Income Trading

The transcript discusses Goldman Sachs' financial performance, highlighting a 26% increase in trading revenue, though slightly below estimates. The trading sector remains crucial, but underperformed expectations, affecting Wall Street's outlook. Consumer revenue aligns with previous quarters, while asset management shows growth. Investment banking exceeded expectations, with significant M&A volumes. The pandemic continues to challenge clients, impacting credit card loan balances. Overall, Goldman Sachs is adapting to market changes, focusing on private equity and debt to enhance asset management.

What trend was observed in consumer revenue for Goldman Sachs?

What challenges is Goldman Sachs facing in the current market environment?