Schwartz declined to provide details on Goldman's positions but said the bank had reduced currency-trading risk during the quarter. Goldman's 47 percent drop in fixed-income, currency and commodities revenue last quarter surprised not only its investors but traders at rival firms, because it is typically one of the best trading firms on Wall Street. In research notes following Goldman's results, analysts said they considered it a one-time event and not indicative of broader problems. The bank's stock fell 2 percent that day, but has since risen about 4 percent. It closed at $165 on Wednesday. "We expect FICC to rebound significantly in the fourth quarter of 2013 as Goldman Sachs' franchise remains strong and predominantly FX related inventory management challenges are unlikely to recur," said Sandler O'Neill analyst Jeffery Harte.