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Market Chatter: Goldman Sachs' Equities Business on Track to Generate Over $5 Billion in Revenue in Q2

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Goldman Sachs' (GS) equities business is on track to generate more than $5 billion in revenue in Q2, Bloomberg reported Tuesday, citing people familiar with the matter.

Company executives project that business could even exceed the $5.3 billion it reported in Q1, marking the third straight quarter in which the bank's equities unit posts an industry record, the people said, according to the report.

The business has benefited from a boom in activity in Asia, boosting trading and financing, due to hedge funds' interest in artificial intelligence, the report added, citing the people.

Goldman Sachs did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $1099.90, Change: $-6.47, Percent Change: -0.59%

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