Goldman Sachs CEO Solomon Says Trading Business Trending Down Close To 10% In Q3, Says Investment Banking Continues To Improve
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO David Solomon announced that the trading business is expected to decline by nearly 10% in Q3, while the investment banking sector is showing signs of improvement.
September 09, 2024 | 8:23 pm
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Goldman Sachs is experiencing a near 10% decline in its trading business for Q3, but its investment banking division is improving.
The decline in trading revenue is likely to negatively impact Goldman Sachs' short-term stock price, as trading is a significant part of its business. However, the improvement in investment banking could offset some of the negative sentiment.
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