Goldman’s Traders Come Up Short, But IB Strong. Expenses Surge

Goldman’s Traders Come Up Short, But IB Strong. Expenses Surge

Even Goldman's traders couldn't quite measure up in Q4. Consistent with disappointing markets performance from JPMorgan and Citi, Goldman's trading revenue was short of consensus last quarter, results out Tuesday showed. Although the bank's FICC haul of $1.86 billion was a beat ($1.8 billion), equities revenue of $2.12 billion underwhelmed. The market wanted nearly $2.5 billion. Despite coming in a touch higher than consensus, FICC revenue was flat YoY. The bank blamed lower net revenues in
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