Goldman Has Fewest Trading-Day Losses Since at Least 2004
This article is for subscribers only.
Goldman Sachs Group Inc., which generated 53 percent of revenue from sales and trading last year, recorded losses from that business on 16 days in 2012, the fewest since the bank started reporting the figure in 2004.
The days of losses, detailed in a regulatory filing from the New York-based company today, were down from 54 in 2011 and below the previous low of 19 days in 2009. Traders made more than $100 million on 41 days, down from 54 days a year earlier and the least since 2005.