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Goldman Traders Trample Estimates on Boom in Fixed-Income

  • Best FICC quarter through pandemic on commodities, currencies
  • Investment banking misses estimates on underwriting slump
David Solomon

David Solomon

Photographer: Simon Dawson/Bloomberg
Updated on

Goldman Sachs Group Inc. traders soared past analysts’ estimates as war-induced volatility helped the firm score an earnings beat as well. 

Trading posted a surprise 4% revenue increase, crushing the 23% drop that was expected. The biggest lift came from the fixed-income business, which jumped 21%, Goldman said in a statement Thursday. That was the best performance since at least 2018, but a miss for the investment-banking operation tempered the positive results.