LevFin drives Goldman’s Q3 IB numbers
Third quarter results for Goldman Sachs show investment banking revenues up 24% on the year and 22% on the quarter, led by debt underwriting, with net revenues at $335m, a 59% increase year on year. The firm said this was based on “a significant increase in leveraged finance activity”. Equity underwriting revenues fell 21% year on year to $288m, leaving total underwriting revenues up 9%.
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