FX boosts Goldman’s earnings
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NEW YORK -- Goldman Sachs last week reported its second best quarter ever for its fixed-income, commodities and currencies (FICC) division, with $1.14 billion for the second quarter ended May 31. The 21% increase over Q2 2001 reflected "strong performances in leveraged finance, currencies and fixed-income derivatives, partially offset by decreased net revenues in commodities", the bank said in its earnings statement.
In common with the other US investment houses, Goldman Sachs does not break out
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