JM

John Maxfield

Yahoo Finance

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  • Goldman Sachs Earnings: Bank Combats Trading Drop With Private Equity Gain
    18 Oct 2017—Yahoo Finance
    Going into earnings season, it looked like it would be a bloodbath for Goldman Sachs (NYSE: GS) given the anticipated decline in trading revenues at Wall Street banks in the three months ended Sept. 30. But that didn't turn out to be the case. When Goldman Sachs reported earnings on Tuesday, its results handily outperformed analysts' expectations. The bank generated $8.3 billion in revenue and $2.1 billion in net income, both of which were 2% higher than the year-ago quarter. It earned $5.02...

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