Goldman Sachs sees profits soar to $2.1bn

Goldman Sachs sees profits soar to $2.1bn
 

US investment bank Goldman Sachs has reported a 58% rise in profits for the third quarter of the year.
Its earnings jumped to $2.1bn (£1.7bn) in the three months to the end of September, compared with $1.33bn for the same period a year earlier.
The Wall Street bank attributed the rise in profits to better returns from its trading activities in bonds, commodities and currencies.
"We saw solid performance," said chief executive Lloyd Blankfein.
Revenues across its fixed income, currencies and commodities unit jumped by more than a third to $1.96bn. Trading in these areas has been... read more

 
18 October 2016 in Business, Views: 48
Source: BBC
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