Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by bduerst on Tuesday April 19, 2016 @07:43PM
(#11531365)
It would be interesting if they could release metrics on trading or investing activity, the way some software companies release stats about active users.
Then you could calculate revenue per trade (or something more useful along those lines) to use as a signal in these cases.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by jonknee on Tuesday April 19, 2016 @07:52PM
(#11531400)
They break out a lot of numbers, but I'm not sure how useful metrics on trading activity would be. Not all trades are equal, so something like revenue per trade is pretty meaningless.
http://www.goldmansachs.com/media-relations/press-releases/c...
The numbers are pretty brutal, especially in institutional client services.
No, they are off because they are making way less money (down 55% from a year ago!). In general volatility can be good for investment banks because it means higher trading volume. Revenue has been way down thanks to fewer deals (remember when tech companies had IPOs?) and reduced fixed income trading volume (GS revenue from fixed income trading is down 48% from a year ago).