In the Margins

Goldman reports high quarterly profits

January 18, 2017

By Reuters

Goldman Sachs Group reported a nearly fourfold rise in quarterly profit on Wednesday, attributable to a surge in bond trading revenue, and business has remained strong in the first few weeks of 2017. "We've come out of a very low-volume, low-volatility environment over a number of years,"  CFO Harvey Schwartz said. "With the shifting policies around the globe, it's an extraordinary catalyst." Read the original story from Reuters.

 

 

Most Read

10 Things
10 Things...to know about BDCs

Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...

Top of the Agenda - Succession
Vanguard nominates two, as two hit retirement

The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...