Q2 earnings report just out for the US investment bank 19 July 2016

  • Revenue $7.93bln vs $7.6bln exp
  • earnings per share $3.72 vs $3.01 exp vs $1.98 yy
  • yy Q2 rise of 78%
  • total operating expense fell 25.5% to $5.47bln
  • revenue from trading fixed income, commodities and ccy rose 20% to $1.93bln

Combination of bond trading profits and cost-cutting proving a winner for the Vampire Squid.

Nice work if you can get it.

Impressive results helping to drive USD higher again.