• Business Accounting

    Trading, Underwriting Business to Aid Goldman (GS) Q2 Earnings

    Increase in client activities and rise in market volatility on the coronavirus concerns are likely to have aided trading revenues (both equity and fixed-income), driving Goldman Sachs’ GS second-quarter 2020 earnings, slated for a Jul 15 release. The global economic slowdown, the Federal Reserve’s accommodative stance and a number of activities in the quarter continued to impact economy and kept tickling trading counters, resulting in volatile market performance. Investors also continued to move toward safe havens like Treasury bonds and other commodities like gold on uncertain markets amid the coronavirus crisis. Hence, Goldman’s solid market revenues are expected to  

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