You are here: Home » Reuters » News
Business Standard

Goldman trumps profit estimates as bond trading shines


By Aparajita Saxena(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.The bank's bond trading business outperformed, with revenue rising 23 percent in the first quarter.Overall revenue from trading - Goldman's biggest business - was up 30.5 percent as volatility rocked global markets in February after a prolonged calm in 2017, roiling stocks, bonds, currencies and commodities, and remained elevated through the end of March.The bank's shares rose 1.4 percent to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 17 2018. 19:50 IST