The commission has delayed enforcement of amendments to a disclosure rule amid concerns over its potential impact on the bond markets.
The bank's Q4 revenue of $8.08 billion was also above estimates but its bottom line was inflated by a $467 million tax benefit.
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
“We've come out of a very low volume, low volatility environment over a number of years," CFO Harvey Schwartz says.
The bank's fourth-quarter earnings reflect the more optimistic sentiment of investors since the election of Donald Trump.
Annual returns on equity and fixed income investments will be dragged down by contracting margins and lower global GDP growth, says McKinsey.
First-quarter earnings beat analysts' estimates but the firm admits that "global uncertainties" continue to weigh on its investment businesses.
AIG Commercial CEO Rob Schimek seeks a bigger bottom line in an era of low investment gains.
Data services is Intercontinental Exchange's fastest-growing business and the acquisition of Interactive Data will make it the No. 3 provider.
Will greater disclosure in the corporate bond market lower the cost of debt? Issuers may soon find out.
