You've probably heard by now that Goldman Sachs (NYSE: GS) shot the lights out last quarter. In its 10-Q, released earlier this week, the investment bank shows just how successfully it's navigating current markets. During the second quarter, Goldman made more than $100 million in trading revenue in each of a record 46 days, with just two losing days out of 65 – for an astonishing hit rate of 97%!
How do they stack up? In the quarter, Goldman's powerful Fixed Income, Currencies & Commodities (FICC) division alone put up record revenue of $6.8 billion – more than the total revenue for its closest competitor Morgan Stanley (NYSE: MS), and ahead of some of the world's largest, most successful companies:
Company/Division
Q2 Revenue
Goldman's FICC
$6.8 billion
Merck (NYSE: MRK)
$5.9 billion
McDonald's (NYSE: MCD)
$5.6 billion
Philip Morris International (NYSE: PM)
$6.1 billion
Morgan Stanley (NYSE: MS)
$5.4 billion Continued... |