Goldman Sachs revenue came in at USD 18.68 billion, soundly beating the anticipated USD 16.71 billion, up 12%.
Goldman Sachs played its core strength which is equities trading, performing flawlessly & thriving off the back of recent market volatility.
David Solomon, Goldman Sachs CEO has done an excellent job. By pivoting the bank back to its historic bread and butter roots which is investment banking & elite trading desks, this monster 31% earnings beat serves as the ultimate validation of his turnaround strategy.
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