Goldman says second-quarter market activity decreased vs first quarter

Goldman says second-quarter market activity decreased vs first quarter

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(Reuters) – Goldman Sachs Group Inc (GS.N) President David Solomon stated second-quarter market exercise has decreased in comparison with the primary quarter, when heightened volatility helped Wall Road banks report large earnings.

David M. Solomon, President and Chief Working Officer, Goldman Sachs, speaks on the Milken Institute’s 21st World Convention in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson

Exercise throughout funding banking is powerful, Solomon stated at a Bernstein convention in New York on Thursday, including the funding banking backlog was near an all-time excessive.

Earlier this week, JPMorgan Chase & Co’s (JPM.N) company and funding financial institution chief, Daniel Pinto, stated second-quarter markets income regarded like will probably be flat in contrast with a 12 months earlier.

Reporting By Aparajita Saxena in Bengaluru; Enhancing by Maju Samuel

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