Jan
16
Goldman’s M&A Bankers Shine, Traders Stumble as Malaysian Scandal Looms
ByThe Wall Street firm’s profit rises, stock responds by rising 9.5%, its best day in nearly a decade
Goldman Sachs Group Inc.’s merger bankers bailed out its bond traders, who fared badly in late 2018’s choppy markets and saw their bonuses shrink as a result.
Goldman’s fourth-quarter profit of $2.54 billion, or $6.04 a share, rose from a year ago and easily beat the $1.64 billion, or $4.27 a share, predicted by Wall Street analysts. Quarterly revenue of $8.1 billion was flat, while full-year revenue was the highest since 2010…
Goldman’s M&A Bankers Shine, Traders Stumble as Malaysian Scandal Looms
