Goldman Flags 25% Drop in Trading Revenue

Goldman Sachs is experiencing a 25% decline in trading business this quarter compared to last year, which saw significant gains. The market reacted negatively, with Goldman’s stock dropping over 2.3%. Concerns extend beyond trading, as investment banking remains sluggish, with clients showing risk-averse behavior. These issues are not unique to Goldman, as similar challenges are reported by Morgan Stanley and Bank of America, indicating a broader industry trend of reduced trading activity and stagnant investment banking.

What was the percentage drop in Goldman Sachs' trading business this quarter compared to last year?

• 35%

• 25%

• 45%

• 15%

What is one of the key factors affecting Goldman Sachs' performance according to John Waldron?

• Increased competition

• Technological challenges

• Sluggish investment banking

• High employee turnover

How are Goldman Sachs' major clients behaving in the current market environment?

• Aggressively investing

• Exhibiting a risk-off tone

• Expanding rapidly

• Seeking new partnerships

Which bank did not experience outsized gains last year, according to the transcript?

• Goldman Sachs

• Morgan Stanley

• Bank of America

• JP Morgan

What has been the trend in investment banking according to Morgan Stanley's president?

• A rapid increase

• A sustained trough

• Stable growth

• Volatile fluctuations