Goldman's trading business returns to former glory amid Covid-19 crisis

Goldman Sachs Group on Wednesday posted its best quarterly performance in a decade by some measures, as trading has moved back into the limelight and lack of a big consumer business switched from a curse to a blessing.

The Wall Street bank posted a quarterly return on equity of 17.5 per cent — its highest since 2010. Investors closely track the figure because it shows how well a bank uses shareholder money to produce profits.

Goldman also posted record earnings per share, beating analyst expectations by a wide margin. Its performance was driven in large part by a 29 per cent jump