Goldman Sachs could earn an extra $3 billion from a major trading rebound
There's a major rebound underway in the fixed income, currencies, and commodities — or FICC — trading business on Wall Street, and one bank stands to win big from it.
Goldman Sachs could earn as much as $3 billion in additional revenues over the next two years, according to UBS analyst Brennan Hawken. In a recent note, he forecast a $15 billion recovery in FICC revenues for the bulge bracket firms, bringing the wallet back to 2011-2013 averages.
Goldman, being the best-positioned FIC
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