Goldman Sachs and Bank of America Crush Earnings

The video discusses the recent performance of major Wall Street banks, highlighting Citibank, JP Morgan, Goldman Sachs, and Bank of America. It covers key financial metrics, such as EPS and investment banking revenue, and notes significant M&A activity at Goldman Sachs. The video also addresses the 1MDB scandal involving Goldman Sachs, with CEO David Solomon commenting on the situation and ongoing litigation costs.

Which bank showed definitive optimism in its earnings report, according to the transcript?

• Bank of America

• Goldman Sachs

• JP Morgan

• Citibank

What was the significant financial figure for Goldman Sachs in 2018 related to mergers and acquisitions?

• $2 billion

• $3 billion

• $4 billion

• $5 billion

In which quarter did Goldman Sachs experience a 56% jump in performance?

• Second quarter of 2018

• First quarter of 2018

• Third quarter of 2018

• Fourth quarter of 2018

Who was the ex-partner of Goldman Sachs that pleaded guilty to money laundering?

• Jamie Dimon

• David Solomon

• Ramey

• Tim Leissner

What is the estimated cost related to the ongoing litigation mentioned in the transcript?

• $1 billion

• $2 billion

• $3 billion

• $4 billion