Thursday, April 16, 2015

Goldman reports highest profit in five years as trading picks up

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

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