GOLDMAN'S EQUITIES DESK OUTRUNS FIXED INCOME

Goldman Sachs' ($GS) equities trading desk posted $6.44 billion in revenue last quarter, up 72% from a year earlier on a surge in derivatives trading. Fixed income trading moved the opposite direction: FICC revenue landed at $3.47 billion, roughly flat as mortgage and credit trading slowed. The split shows derivatives, not bonds, driving Goldman's trading floor this quarter.

@55 Markets·1h ago·Source: SEC

Written and verified by @55 Markets from the linked source. Not investment advice.