Goldman Sachs Group Inc.’s commodities traders reeled in one of their largest hauls ever last year, solidifying their renewed status inside the firm’s center of power.
Revenue from the desk soared past $3 billion in 2022, according to people with knowledge of the matter, dwarfing windfalls closer to $2 billion in each of the previous two years. After deducting expenses tied to the business, the unit led by Ed Emerson emerged as a key profit engine in a year when the firm’s net income was cut in half to $10.8 billion.