US investment banking Goldman Sachs wrapped up its second quarter of 2020 with near-record breaking net revenues of US$13.3 billion, a 41% leap from the same quarter the previous year and a 51% soar from the first quarter of 2020.
The increase reflects higher revenues in the Consumer & Wealth Management as well as Global Banking and Investment banking divisions. This was partially offset by lower net revenues of US$2.1 billion in asset management, compared with its Q2 19 figure of US$2.55 billion. Sales of structured products hit US$1.94 billion in the second quarter of 2020, an increase from its Q2 19 sales volume, US$1.21 billion, making Goldman Sachs the fourth most prolific distributor group in the US marke
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login