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FT Alphaville: Goldman’s Q3 trading, a breakdown by product
naked capitalism: Mirabile Dictu! Goldman Loses Money Only One Day in Last Quarter
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http://bit.ly/3xMzK6 Goldman benefits from trading bonanza 16 days ago |
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Goldman traders enjoy $100m-a-day profits http://is.gd/4Nc5N #tcot #finance #ocra 17 days ago |
Goldman’s Q3 trading, a breakdown by product
FT Alphaville —
... issued in October: And now for the breakdown of gain/losses by major product type in Q3: Q3 Goldman product breakdown And how they compare to Q2: Q2 Goldman product breakdown It seems credit, interest rates and equities were all up on the quarter, although commodities underperformed. On the currency front, meanwhile, Goldman’s ‘loss’ more than doubled to $3.617bn from $1,398bn the previous quarter - suggesting a potential rise in cross-asset FX hedging at the bank. Related links: Goldman traders enjoy $100m-a-day profits - FT ...
Mirabile Dictu! Goldman Loses Money Only One Day in Last Quarter
naked capitalism —
... favorable environment for banks and traders that if you are moderately competent, making money is like shooting fish in a barrel. But a winning streak this consistent looks like a rigged game. Is this just, ahem, “information advantages”? Greater ease in pushing markets around that have fewer players? Just a function of those monstrously wide bid-asked spreads? I’m curious for a sanity check from people closer to the action.
The party line comes in the Financial Times:
The performance – revealed on Wednesday in a ...
Trading bonanza boosts Goldman
FT Alphaville —
Traders at Goldman Sachs recorded only one daily loss in the third quarter, highlighting the trading bonanza sweeping Wall Street as central banks continue to pump billions of dollars into the financial system. The performance – revealed on Wednesday in a regulatory filing – compares with two losing trading days in the previous quarter. Before the crisis, banks regularly recorded trading losses on several days in a quarter. Goldman made more than $100m in profits on 36 of the 65 days in Q3.
Opening Bell: 11.05.09
Dealbreaker —
... as much as 60% from last year, the survey found. In contrast, declines of 15% to 30% are projected at hedge funds, private-equity firms and prime-brokerage operations."
Countrywide ex-CEO Mozilo must face SEC fraud case (Reuters)
Orange's request for a dismissal has been denied, despite this awesome endorsement by his lawyer: "Angelo Mozilo is an innocent man who helped millions of people find a home for more than 40 years," David Siegel said in a statement.
Goldman Benefits From Trading Bonanza (FT)
Goldman made more than $100m in ...
Goldman traders are the best on the Street
BloggingStocks —
Filed under: Earnings reports, Management, Competitive strategy, Market matters, Money and Finance Today They are the masters of the game. Who are they? They are the traders at Goldman Sachs.
Why is Goldman Sachs Co. (NYSE: GS) the best? Take a look at the record. Goldman traders had one loss in the third quarter. They had a string of 36 $100 million days out of 65 trading days. These figures were down slightly when Goldman had 46 $100 million trades in the second quarter. Continue reading Goldman ...
