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Goldman Sachs' fixed-income, currency and commodities business posted revenue of $4.01 billion, down 10% from a year earlier.
Goldman's fixed-income, currency and commodities revenue fell 10% year-over-year, missing analyst estimates by $800 million.
KEY POINTS
- The equities division set a new industry record with $5.33 billion in quarterly revenue, driven by equities financing.
- Investment banking advisory fees surged 89% year-over-year, signaling a strong rebound in merger activity.
- Goldman's asset-management assets under supervision rose to $3.7 trillion, with net revenue up from last year.
- The bank promoted seven new partners to its top management committee and increased senior executive pay this quarter.
COMPANIES
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