Goldman Sachs equity trading revenue surges 72% · JPMorgan bond desk misses estimates
GS Goldman Sachs Group Inc
$891.91 -0.23%
View chart & analysis → - 1Goldman Sachs equity trading revenue reached $6.44 billion in the third quarter, a 72% increase year-over-year.
- 2JPMorgan Chase's bond desk missed third-quarter estimates by more than $500 million.
- 3New York Fed President John Williams said it would be appropriate to raise interest rates one more time this year.
So what's the key point?
Goldman Sachs' earnings from stock trading grew significantly by 72% compared to last year. On the other hand, JPMorgan earned over $500 million less than experts expected in bond trading.
Source MarketWatch +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.