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Goldman Sachs CEO says bond and currency trading is down 10% in the current quarter from a year ago – Vested Daily
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Goldman Sachs CEO says bond and currency trading is down 10% in the current quarter from a year ago

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Goldman Sachs Group Inc.’s stock fell Tuesday after the investment bank said it’s seeing a roughly $400 million hit to revenue from a drop in trading activity, as well as the impact of reducing its private-equity investment portfolio.

Goldman Sachs

GS Chief Executive David Solomon said third-quarter fixed income and equities trading is down about 10% against a “extremely strong” year-ago quarter, mostly due to lower bond trading.

This post was originally published on Market Watch

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