Goldman provides rare insight into firm's fixed-income trading

Lloyd Blankfein Interview Pic

Goldman Sachs provided a rare look into the performance of the units that make up fixed-income trading, the firm’s largest source of revenue.

Bloomberg News reports that interest-rate products generated about $14 billion, or 29% of fixed-income revenue, in the past five years, the New York-based bank said in a presentation on its website.

CEO Lloyd Blankfein spoke to investors at a Credit Suisse event in Florida, his first presentation at an investor conference in more than a year.

Goldman typically has only provided its total revenue from fixed-income trading, which produced a Wall Street record $21.9 billion in 2009 and declined to $8.46 billion last year. 

Credit trading followed interest rates, producing 25 percent of fixed-income revenue. Mortgages and currencies trading each generated about 16 percent of revenue, while commodities accounted for about 14 percent, the firm said.

Hit the link below to access the complete Bloomberg News article:

Goldman Sachs Gives Breakdown of Fixed-Income Trading Revenue

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