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Goldman Sachs

January 19, 2011 by staff 

Goldman Sachs, Last week, Goldman said it would change how it reports results to reflect a separation between the revenue generated by customers’ money and its own capital. In 2009, fixed income, currencies and trading revenue from commodities accounted for over half of the “global revenues from Goldman Sachs.” Which fell to 48% under the new reporting system.

Income from investment banking was down 10% year over year but up 30% over the third quarter of 2010 to $ 1.5 billion.

One of the highlights of the quarter has come to invest in the banking and lending unit, which posted a 45% jump in sales last year to $ 2 billion.

Facebook mess with the offer yet made the headlines, 2011 was unusually rough for ‘Goldman Sachs.” But even with shares just 1% since the beginning of the year, the stock is 25% above its July 2010 levels.
The bank’s best-known Wall Street has seen their profits for 2010 and 8.4 billion down from 13.4bn in 2009 and the revenue bonds and commercial products do not correspond to an exceptional year in 2009. The fourth quarter of the year has been particularly affected, with the fall in profits to 2.4 billion 52PCS.

Although the bank and pay 15.38bn and bonus pool was less than 5pc in 2009, it is likely to fuel the debate raging in Britain about the role the City should play in restoring economic development. The compensation is equivalent to 35,700 employees Goldman pay the equivalent of $ 430,700 (£ 269.500).

Goldman Sachs profit fell 53 percent in the fourth quarter due to declines in its bond trading and investment banking.

Goldman Sachs Group Inc. (NYSE: GS) has obtained United States and 2.23 billion, after paying preferred dividends over the last three months of the year, against 4.79 billion U.S. and in the same period year earlier. On a per share basis, earnings came out at $ 3.79 per share against 8.20 per share.

Analysts polled by FactSet expected to shore and 3.76 per share. Revenue fell 10 percent to 8.64 billion U.S. dollars. Goldman stock fell 2.86 percent in the United States and 169,658 to Wednesday noon, causing other financial stocks lower.

The head of the bank’s chief financial officer, David Viniar, attributed the poor performance to “increased uncertainty surrounding the global economic outlook.”

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