$13.4 Billion Earnings in Record Year for Goldman Sachs

[kpete]

Source: New York Times

$13.4 Billion Earnings in Record Year for Goldman Sachs
By GRAHAM BOWLEY
Published: January 21, 2010

Goldman Sachs reported record earnings on Thursday.


But in reaction to the public outcry over executive compensation, the bank reduced the share of revenue going to bonuses.

The bank said that for 2009, it earned a profit of $13.4 billion on revenue of $45.2 billion. For the fourth quarter, Goldman earned $4.95 billion on $9.6 billion in revenue.

The earnings of $8.20 a share easily beat analysts’ expectations of about $5.20 a share and compared with a loss of $2.12 billion, or $4.97 a share, in the quarter a year earlier.

Read more: http://www.nytimes.com/2010/01/22/business/22goldman.html

[fasttense]

1. Your TAX dollars at work. n/t

[Po_d Mainiac]

3. My grandkids dollar$ at work...n/t

[Demeter]

2. Theft Is Only Considered "Earnings" by the IRS

Everybody else calls it as it is.

[Smashcut]

4. And all they had to do was defraud a few customers and leverage a few corrupt officials!