It’s the eighth straight quarter the bank has seen a year-over-year profit decline.
Compared to its peers, Goldman’s success is tied closely to its banking and trading business meaning a slowdown in deal making and a down market have an outside impact on the bank.
“I also expect a continued recovery in both capital markets and strategic activity if conditions remain conducive. As the leader in M&A advisory and equity underwriting, a resurgence in activity will undoubtedly be a tailwind for Goldman Sachs.” The bank has re-focused its efforts on building out its asset and wealth management group — and in a positive sign for the division, AWM collected a record amount of fees this quarter.Ready for an emergency? Expert survivalists swear by these emergency kitsCustomers outraged over Winklevoss twins' secret $282M crypto withdrawal: 'You didn't tell anyone'
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Goldman Sachs, Pulling Back From Consumer Lending, Reports 33% Decline in ProfitRevenue from investment banking and trading, Goldman’s traditional powerhouses, was little changed
Baca lebih lajut »
Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnantGoldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm.
Baca lebih lajut »
Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnantGoldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm.
Baca lebih lajut »
Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit DropRevenue from investment banking and trading, the bank’s traditional powerhouses, was little changed in latest quarter
Baca lebih lajut »
Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnantGoldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm.
Baca lebih lajut »
Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expectsWhile Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.
Baca lebih lajut »