Goldman Sachs Group Inc. equities traders are on the cusp of setting another record in the second quarter, with that business on track to generate more than $5 billion of revenue, according to people familiar with the matter.
With about a week left in the quarter, executives are predicting the bank could even top the $5.3 billion it reported for the first quarter, some of the people said, asking not to be identified discussing nonpublic information. That would easily eclipse the $4.77 billion average estimate of analysts surveyed by Bloomberg and mark the third consecutive quarter in which the bank’s equities unit notched an industry record.
