Tuesday, July 14, 2009

Goldman Sachs sees bumper profit

Goldman Sachs booth at the New York Stock Exchange

US slope Goldman Sachs has unveiled gain earnings of $3.44bn (£2.1bn) for the Apr to June period - substantially above what analysts had forecast.

It comes after the slope startled Wall Street by reporting it prefabricated $1.8bn in the prototypal three months of the year, despite the scheme crisis.

The concern has fresh paid backwards $10bn in federal assistance witting to help it steer through the orbicular turmoil.

It is due to clear most $18bn in clear and bonuses to its 28,000 staff.

Six months ago, Goldman saw its prototypal quarterly loss since going public in 1999, after existence maltreated by the scheme crisis.

Its share price, patch ease substantially off its high, has gained most 75% in 2009.
Suchmaschine

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