Investment Banking

Equities eclipses FICC as Goldman Sachs's trading tables turn

The US bank's equities traders bring in greater revenues than counterparts in FICC for first year since 2008

Goldman Sachs is the last of the big Wall Street banks to report fourth quarter earnings for 2015
Goldman Sachs is the last of the big Wall Street banks to report fourth quarter earnings for 2015 Photo: FN Montage

Equities traders at Goldman Sachs have brought in more revenues than their fixed income colleagues for the first time in seven years.

The Wall Street bank, which on January 20 followed US investment banking rivals in reporting its fourth-quarter and full-year results for 2015, revealed that its equities revenues for the year rose 18% - excluding one-off debt-related gains in 2014 - to $7.8 billion.

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