Goldman Sachs Equities Trading on Track to Exceed $5 Billion in Q2 Revenue, Potentially Setting New Record
By
Todd Gillespie, Sridhar Natarajan
Summary
Goldman Sachs equities traders are on track to generate over $5 billion in revenue in Q2, potentially surpassing the $5.3 billion record set in Q1 and easily beating analyst estimates of $4.77 billion. This would mark the third consecutive record-breaking quarter for the bank's equities division.
Source
bskyGoldman Sachs Equities Trading on Track to Exceed $5 Billion in Q2 Revenue, Potentially Setting New Recordbloomberg.comKey quotes
· 3 pulledGoldman Sachs Group Inc. equities traders are on the cusp of setting another record in the second quarter, with that business on track to generate more than $5 billion of revenue
executives are predicting the bank could even top the $5.3 billion it reported for the first quarter
That would easily eclipse the $4.77 billion average estimate of analysts surveyed by Bloomberg and mark the third consecutive quarter
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