BERN: Goldman Sachs stated today that net revenues in fixed income, currency and commodities client execution were $3.13 billion for the first quarter of 2015, 10% higher than the first quarter of 2014, due to significantly higher net revenues in currencies and interest rate products, partially offset by significantly lower net revenues in credit products, commodities and mortgages.
Goldman Sachs Group Inc (NYSE:GS) has today announced its quarterly earnings and revenue which has topped analysts’ expectations as a result of the unprecedented market volatility that resulted from the Swiss National Bank’s removal of the 1.20 peg on the EURCHF currency pair on January 15.
During the first quarter of 2015 fixed income, currency and commodities client execution operated in an environment generally characterized by higher volatility levels, which contributed to higher client activity levels, particularly in currencies and interest rate products, and improved market-making conditions compared with the fourth quarter of 2014.
Additionally, in the first three months of 2015, Goldman Sachs’ net income applicable to common shareholders rose to $2.75 billion, or $5.94 per share, for the quarter ended March 31, from $1.95 billion, or $4.02 per share, in the same period of 2014.
