Fixed income traders at Goldman Sachs suffered an unexpected drop in revenues at the start of 2026, taking the shine off the investment bank’s highest quarterly profits in five years.
The Wall Street bank reported first-quarter net income of $5.6bn, up 19 per cent from a year ago and better than the $5.3bn analysts had expected.
The performance was powered by Goldman’s equities traders. They delivered revenues of $5.3bn, ahead of the $4.9bn expected and up 27 per cent from a year ago as it benefited from wild market swings triggered by a string of geopolitical shocks.
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