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Goldman Delivers Big Revenue Beat As FICC Surges, EPS Misses On Legal Charge
Given blockbuster FICC results from JPMorgan and Citi, where bond traders delivered one of the best fixed income performances in recent memory, one would have expected Goldman to post similarly impressive results.
And they did. Trading revenue surged 33% YoY in Q4 to $3.48 billion. FICC trading - where revenue rose 8% YoY last quarter - generated $1.77 billion in Q4, up 63% YoY. The bank cites an easy compare with Q4 2018 (obviously), improved market conditions compared with the third quarter,
