So, like, guess who totally knocked it out of the park in 2024? Yup, you guessed it – Goldman Sachs! This investment bank totally killed it in the foreign exchange trading game, raking in a whopping $6.3 billion in revenues for the year. And get this – that’s a crazy 125% increase from the measly $2.8 billion they made in 2023. Talk about a major glow-up, am I right?
But wait, it gets even juicier. The real kicker here is that over $4 billion of that sweet moolah came pouring in during the final quarter of the year. Like, talk about saving the best for last, am I right? This massive growth spurt not only blew everyone’s minds but also catapulted Goldman Sachs to the tippity top of the US dealer pack, leaving JP Morgan in the dust.
Speaking of JP Morgan, those guys had a bit of a rough time in 2024. They saw the biggest dip in revenues among all the big players in the game. Ouch, talk about a tough break, huh?
Now, I’m not really sure why this matters, but it’s kind of a big deal in the finance world. I mean, we’re talking billions of dollars here, people! And the fact that one bank can just come in and dominate like that is pretty darn impressive, if you ask me.
So, there you have it, folks. Goldman Sachs coming in hot and stealing the show with their massive foreign exchange trading revenues. Who knows what the future holds for these big players in the finance game, but one thing’s for sure – 2024 was definitely a year to remember.
