Finance
Goldman Profit Surges as Traders Top Analysts’ Estimates
- Merger-advisory operation falls short of JPMorgan’s haul
- Firm plans to moderate buybacks after capital buffer raised
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Goldman Sachs Group Inc.’s trading unit powered a surge in earnings in the second quarter.
Both fixed-income and equity traders outpaced analysts’ estimates, while a rebounding capital-markets business helped drive better-than-expected results across much of the company’s Wall Street operations.