


US Banks Face 75% Revenue Hit from IPO Drought
US investments banks are hit by an IPO slowdown as equity capital markets (ECM) revenues have been impacted. Big investment banks such as Goldman Sachs, Citigroup, BofA and Morgan Stanley have seen ECM fees sharply drop to $645mn vs. $5.3bn for the same period in...
Goldman Misses Earnings Estimates with Higher Expenses
Goldman Sachs reported its Q4 2021 earnings with mixed results – EPS came at $10.81/share, missing the $11.76 estimate with earnings of $3.94bn, down 13% YoY. Revenues however climbed 8% YoY to $12.6bn vs. estimates of $12.1bn. Its operating expenses jumped 23%...
Goldman Reports 63% Profit Jump in Q3
Goldman Sachs reported net profits of $5.4bn in Q3, up over 60% YoY. Investment Banking revenues jumped a massive 88% YoY to $3.7bn with advisory revenue hitting a record. Its Global Markets division generated quarterly net revenues of $5.6bn, up 23% YoY with FICC...