Goldman Sachs (GS) rose but pared gains, after the bank reported much stronger than expected Q2 revenue and held profit steady over last year despite disruptions from the pandemic. The bank’s quarterly investment banking revenue hit a record, and trading revenue more than doubled over last year as both fixed-income and equity trading picked up in the wake of the market run-up since March.
https://free-tiktok-fans-likes-followers-2020.odoo.com
https://free-tiktok-followers-likes-fans-generator-2020.odoo.com
Still, as with other banks including JPMorgan, Citigroup and Wells Fargo, Goldman Sachs stashed away an increasing sum in loan-loss provisions during the quarter to brace for potential customer defaults due to the pandemic. CEO David Solomon noted that the economic outlook “remains uncertain,” recapitulating the cautious tone other CEOs have offered in recent reports.
No comments:
Post a Comment