Goldman Regains Commodities Top Spot in Tie With Banking Rivals
- Lender shares first place with Morgan Stanley and JPMorgan
- Banks’ combined commodities income rose 38% from year ago
Goldman Sachs Group Inc. headquarters in New York.
Photographer: Christopher Lee/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. regained its top spot in commodities in the first half of 2018, but had to share that position with rivals Morgan Stanley and JPMorgan Chase & Co., according to research group Coalition Development Ltd.
Goldman, for decades Wall Street’s dominant commodities trader, lost its place among the top three banks in the sector for the first time last year, when losses in natural gas and power dragged it to the worst annual performance in its history as a public company.