Goldman Sachs trading business returns to glory

Arabnewsksa15 Oct, 2020News

NEW YORK: Goldman Sachs on Wednesday posted its best quarterly performance in a decade by some measures, as trading has moved back into the limelight and its lack of a big consumer business has switched from a curse to a blessing. The Wall Street bank posted a quarterly return on equity of 17.5 percent, its highest since 2010. Investors closely track that figure because it shows how well a bank uses shareholder money to produce profits.