Goldman’s Traders, Bankers Keep Profit Steady While Rivals Falter - News Summed Up

Goldman’s Traders, Bankers Keep Profit Steady While Rivals Falter


Nobody is better at capitalizing on chaos than Goldman Sachs Group Inc.Its traders and investment bankers posted near-record revenue to keep firmwide profits steady, throwing an elbow to larger commercial-bank rivals that blamed the coronavirus pandemic for lower quarterly results. Goldman was buoyed by its Wall Street roots, seizing on...


Source: Wall Street Journal July 15, 2020 11:49 UTC



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