Goldman’s fixed-income traders help counter bleak third quarter ...Qatar

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Goldman’s fixed-income traders help counter bleak third quarter
Goldman Sachs Group Inc’s traders once again helped rescue results from a sharp slowdown in investment banking just as the firm prepares for a reorganisation that will combine the two business units. The trading operation posted $6.2bn in third-quarter revenue, an 11% increase that was better than analysts had forecast. Fixed income led the gains, according to a statement yesterday that showed a 43% profit plunge. Goldman was the last major US bank to post results in a quarter that has highlighted the resilience of the US consumer. The continued health of the industry’s Main Street operations has helped spur revenue growth, and shelved concern for now about the risks of a sputtering economy

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