Q2 earnings report just out for the US investment bank 19 July 2016
- Revenue $7.93bln vs $7.6bln exp
- earnings per share $3.72 vs $3.01 exp vs $1.98 yy
- yy Q2 rise of 78%
- total operating expense fell 25.5% to $5.47bln
- revenue from trading fixed income, commodities and ccy rose 20% to $1.93bln
Combination of bond trading profits and cost-cutting proving a winner for the Vampire Squid.
Nice work if you can get it.
Impressive results helping to drive USD higher again.
