Goldman Sachs Is Outpaced by Rivals as Equity Sales Jump

Goldman Sachs Group Inc., the U.S. bank most reliant on trading, lost market share in equities revenue relative to the world’s top firms last year, according to Tricumen Ltd., a financial research company.

Goldman Sachs’s share of total operating revenue from equities in 2013 dropped 4.1 percent from the previous year, while sales by the bank’s peer group rose a combined 15 percent, Tricumen said in a report published today. UBS AG, Switzerland’s biggest bank, expanded its share by 1.4 percent, the largest gain in the group, the data show.