Investment Banking

Goldman’s bond traders rebound as Blankfein prepares to bow out

Wall Street giant beats analyst expectations with profits of more than $2.5bn

Goldman’s bond traders rebound as Blankfein prepares to bow out
Photo: Getty Images

Goldman Sachs has become the latest US investment bank to smash analyst expectations, as a revival in bond trading helped push revenues to $9.4bn in the second quarter — up by almost a fifth on a year ago.

The bank said on Wednesday that this helped drive net profits for the period to $2.57bn against analyst  predictions of $1.86bn.

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