Goldman Sachs Group Inc.’s commodities traders doubled their revenue haul in 2020 -- another sign that Wall Street desks managed to print profits into the year’s finale, even as market mayhem subsided.
Goldman’s business generated more than $2 billion in revenue for its best annual showing in about a decade, according to people with knowledge of the matter. That was a much needed redemption: The unit’s prowess once earned the bank the nickname “Wall Street Refiner,” but a prolonged slump in recent years was starting to raise doubts about the group’s future.
