That was 24% higher than a year earlier and the most since at least the final quarter of 2009, the earliest period Goldman Sachs reported under its current structure.
While many of the world’s biggest banks have scaled back in some areas of fixed-income trading, most stayed committed to their equities units. Still, performance diverged among U.S. firms this quarter. Goldman Sachs, Morgan Stanley and JPMorgan posted revenue increases of more than 20%, while Bank of America and Citigroup - already smaller in that business - reported 1% declines.
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