Thursday, April 16, 2015
Goldman reports highest profit in 5 years as trading picks up
Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets fluctuated during the first three months of the year. Trading got a boost after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program, and the U.S. Federal Reserve moved to tighten monetary policy. "Investors almost always discount trading and investment results because they’re so volatile," said Michael Wong, an analyst with Morningstar, who also noted the lack of clarity on Goldman's plans to return capital to shareholders.
from World News Headlines - Yahoo News UK
Subscribe to:
Post Comments (Atom)
0 Responses to “Goldman reports highest profit in 5 years as trading picks up”
Post a Comment