Goldman Sachs Wealth Fee Revenue Rises Amid Fixed Income Miss
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Goldman Sachs’ wealth management fee revenue jumped 17% year-over-year, with double-digit growth in alternatives management fees annually. However, the firm’s total net revenue from its asset and wealth management divisions missed estimates by about $140 million, with higher management fees offsetting lower private banking revenues, CNBC reported. The wealth earnings come amid the investment ...