Goldman Sachs Posts Record $3.4B Investment-Banking Quarter

But that's illegal technically. You can't say a company is worth X when you believe it's not. I guess they are trying to skirt the law with super wide error bars.

There is just too much cost, competition and not enough moat for these companies to make that much profit.

Banks are now printing on earnings and the software hype cycle is drawing to a close.

Lets see if software engineers will think about turning into bankers after this.