Goldman Sachs is still king of the investment banks when it comes to commodities trading.
Data from analytics firm Coalition showed that the Wall Street stalwart made the most money from trading commodities such as oil, coal and metals after coming top in the past two years, Bloomberg reported.
The commodities rout has prompted Morgan Stanley, Barclays and Deutsche Bank to whittle down their trading desks which are focused on these areas. It comes amid increasing regulation and less volatility which makes it hard to turn a profit.
But Goldman has stood firm in the face of the commodities trading exodus.