Goldman Sachs Profit Jumps 74% on Bond Trading

Goldman Sachs Profit Jumps 74% on Bond Trading

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Interactive Video

Business

University

Hard

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The transcript discusses Goldman Sachs' financial performance, highlighting a net revenue of $7.93 billion, which surpasses estimates. Despite a year-on-year decline in earnings per share, the FICC sales and trading revenue showed significant improvement, increasing Goldman's market share. Equity trading revenue was slightly below estimates, while investment banking fees exceeded expectations. The potential impact of Brexit on trading is also considered, though its effects remain uncertain.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the estimates for Goldman's sales and trading revenue?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors might have affected Goldman's overall bottom numbers?

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