Goldman’s quarterly revenue was the second-highest on record at $22 billion, a sign that it has weathered this leg of the storm in better shape than rivals
Goldman Sachs Group Inc.’s quarterly profit held steady from a year ago, bucking larger commercial banks that saw earnings plummet as the coronavirus tore through the U.S. economy.
The bank’s profit of $2.4 billion, or $6.26 per share, was far better than expected and reflects a flood of corporate fundraising and torrid trading markets, offset slightly by higher reserves for expected loan defaults in what is expected to be a sustained and deep recession. Quarterly revenue was the second-highest on record at $13.3 billion,...
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