Goldman Slumps To 2-Mo Lows Amid Collapse In Trading Revenue, More Job Cuts Coming
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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Goldman Sachs warns of 25% hit to trading revenue
Goldman Sachs plans more workforce reductions as the difficult economic environment weighs on dealmaking and warned trading revenue could fall 25% this quarter, the bank's president said on Thursday.
Source: nypost.com
Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue
Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quarter, the bank's president said on Thursday. ... | June 10, 2023
Source: marketscreener.com
Morgan Stanley sets $12 billion profit goal for wealth business
The bank's new long-term goal of more than $12 billion in pretax earnings will come from a mix of asset growth, more lending and expanding markets.
Source: americanbanker.com
Morgan Stanley expects trading, investment banking results to weaken
Morgan Stanley expects its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told... | May 31, 2023
Source: marketscreener.com