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:
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