Goldman Sachs And JPMorgan Chase Roar Ahead
// // (CNBC.com) — The trading operations of Goldman Sachs and JPMorgan Chase made money every single business day in the first quarter, a feat that was a first for the companies and underlines the boom in Wall Street’s investment banking revenues. Goldman’s[GS 144.1134 0.2834 (+0.2%) ] trading desk recorded a profit of at least $25 million (£16.8 million) on each of the quarter’s 63 working days, making more than $100 million a day on 35 occasions, according to a regulatory filing issued on Monday. The result, following a series of regulatory probes into Goldman’s trading activities, could fuel criticism of its business model and market behavior.
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