Goldman Making “a killing” Trading Debt

FBN’s Charlie Gasparino reports that senior traders at rival firms are saying that Goldman Sachs (GS) is making record profits on fixed income trading – apparently they earned about 7 billion dollars in the 2nd quarter and this quarter are making “a killing” along those lines.

“One senior executive at a major bank [told Gasparino] the word on the trading desks is that Goldman’s first-quarter revenues from bond trading [the co.’s specialty in trading bonds far exceeds the competition] could rival or surpass the massive revenues the firm produced during its best quarter last year.”

Full Gasparino clip:

Be the first to comment

Leave a Reply

Your email address will not be published.


*