Bloomberg reports that Goldman’s share of total operating revenue from equities in 2013 dropped 4.1% from the previous year, while sales by the bank’s peer group rose a combined 15%, Tricumen said in a report published today. UBS expanded its share by 1.4%, the largest gain in the group, the data show.
Goldman Sachs lost ground in equity derivatives due to its limited range of services and products compared with No. 1 competitor JPMorgan, said Darko Kapor, a partner at Tricumen. Goldman Sachs fell to sixth from the second rank by revenue in equity derivatives last year, and to third from second in servicing hedge funds, according to Tricumen.
To access the complete Bloomberg article hit the link below:
image: © Martin Abegglen