Wednesday, 14 Jul 2021 08:19 AM MYT
Goldman's investment banking revenue rose 36 per cent to US$3.61 billion in the latest quarter. — Reuters pic
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NEW YORK, July 14 ― Goldman Sachs Group Inc executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates.
Deals worth US$1.5 trillion (RM6.3 trillion) were announced in the three months to June 30 despite slowing activity among blank-check firms, more than any second quarter on record and up 13 per cent from the record first quarter of the year, according to Refinitiv data.