A bond-trading surge helped lift quarterly earnings at David Solomon’s firm to $4.1 bln. Investors prefer stabler revenue sources, and Goldman’s pitch that markets activity is less volatile is born of necessity. Still, it helps that traditional banking has lost some shine.
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Goldman’s plan B unexpectedly upgraded to a B-plus

A bond-trading surge helped lift quarterly earnings at David Solomon’s firm to $4.1 bln. Investors prefer stabler revenue sources, and Goldman’s pitch that markets activity is less volatile is born of necessity. Still, it helps that traditional banking has lost some shine.

Oil traders make risky bet on calm in Middle East

Crude prices fell after Iran attacked Israel, probably because the Islamic Republic telegraphed its strikes in advance. Still, the unprecedented move may elicit an Israeli response. With oil supplies tightening, regional tensions and prices could yet reset at a higher level.

BVTV: Courting BP

The $110 bln energy company is trading at a discount to its oil rivals, making it an appealing takeover target. Abu Dhabi National Oil Company is one of the potential suitors. But daunting antitrust and national security processes will discourage any buyer, Karen Kwok argues.




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