A NASCENT recovery in investment banking helped
Goldman reported revenue of
The results showed signs of a recovery in investment banking, with revenues in the division up 32 per cent compared to last year, thanks to a few more IPOs and takeovers.
Revenue also increased in both equity and fixed-income trading, surprising analysts who had expected revenue to fall.
"Our first quarter results reflect the strength of our world-class and interconnected franchises and the earnings power of
In its asset and wealth management arm, which Solomon has tried to develop in order to diversify the bank's sources of income, revenue jumped 18 per cent.
The bank set aside
(c) 2024 City A.M., source