Goldman had 46 $100m days in second quarter
Goldman Sachs said it made $100m (€69m) in trading revenue on a company record 46 separate days during the second quarter.
The New York-based investment bank said in a filing with the Securities and Exchange Commission that there were only two days in which it logged trading losses during the months of April, May and June. During the remainder of the quarter, Goldman made at least $50m each day.
Goldman reported last month that second-quarter profit surpassed analysts' expectations on strong trading and underwriting. The firm was able to take bigger bets and take advantage of the market's dislocation.
Trading and principal investments drove the firm's overall revenue during the quarter. Goldman generated a record $6.8bn in revenue from fixed income, currency and commodities trading during the quarter. Equities trading revenue totaled $3.18bn during the quarter, and the firm racked up $811m in revenue from principal investments.
The company also said in the filing that it has received government inquiries regarding its compensation practices and the use of credit derivatives. Goldman said that it is cooperating with the requests. It didn't disclose which government agencies made the inquiries, or specific details about them.
A spokesman for Goldman Sachs declined to comment further.
--write to Joe Bel Bruno at joe.belbruno@dowjones.com
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