More interesting stuff from Goldman’s 10Q. It was released this morning.You may remember that last year, Goldman traders took a loss 17 times in Q4 2011. On two of those days, they lost over $100 million.
Obviously, this is not good. And it’s really not good for a bank that derives a huge chunk of its income from trading (57%, so far this year, to be exact).
This year has been much kinder, In Q1 2012 traders only lost money once, says their quarterly report. The loss was about $25 million, which on Wall Street is just sort of… meh.
Also worth noting — traders made more than $100,000 trading on 24 out of the 62 days in the quarter.
Go ahead and buy yourselves something nice.