Goldman Sachs Surpasses Earnings Expectations Amid Job Cuts and Pay Raises
TL;DR Summary
Goldman Sachs is cutting jobs despite a 17% rise in net revenues in Q2, with 1,000 positions eliminated since January. However, the firm is set to increase average pay by 15%, with compensation funds rising 14% year-on-year. Performance varied across divisions, with strong results in fixed income financing and equities financing.
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