Safe to say that Goldman Sachs (GS) really crushed it. The firm had a great quarter. At the headline level, Goldman posted GAAP EPS of $9.68. The street was looking for roughly $5.50. That’s not a misprint. Revenues landed at $10.78 billion. That number was good enough for year over year growth of 29.6%. That number was good enough to beat consensus view by almost $1.4 billion.
Going through various business segments, some of these numbers are decent, some are just eye-popping. None are outright lousy. My eyes went right to trading. Sure, on the equity trading side, revenue grew “just” 10%, and for the past quarter (honestly), that’s not outstanding, but in fixed income, these guys nailed it. Fixed income revenue popped 49% to $2.5 billion. (Remember, JP Morgan (JPM) posted 32% growth for this line on Tuesday.)
Beyond trading, because I have an obvious interest there,