Mortgages Boost Goldman Earnings

Mortgages and other credit products are producing significantly higher year-to-year revenues for Goldman Sachs. The firm said in its third quarter earnings that this boosted its net revenues fixed income, currency and commodities to almost $6 billion in the third quarter, compared to $1.6 billion during its "difficult" third quarter a year ago. The company as a whole earned $3.19 billion for the quarter, up from $845 million during 2008. However, quarterly investment banking revenues were down 31% year-to-year.

Processing Content

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More