Investing
Goldman Traders Rescue Results From Investment-Banking Slump
- Volatility pushes trading revenue up 32% as fixed income jumps
- Capital-markets decline weighs on investment-banking unit
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Goldman Sachs Group Inc.’s traders countered the industry’s underwriting slump with revenue gains that raced past analysts’ estimates.
The trading operation posted a 32% surge in second-quarter revenue that included another banner period for fixed income, which jumped 55%, the New York-based firm said Monday in a statement.