Visit the Shaks

  • Shak In Style
  • Shakhammer
  • Love Shak, Baby
  • LoanShak
  • ShakYard
  • WorkShak
  • Shaktronics
  • Shak & Jill
  • Animal Shak
  • Shak & Jill


    Join Jill for savvy Real Estate discussion.
    visit the shak!

    Did you know?


  • From 2001 to 2005, the average homeowner saw the value of his or her house jump by more than 50 percent.
  • read all shaktoids!

    « Housing Starts Down in December | Main | Friday Fun Video: The Lottery is not a Retirement Plan »

    January 21, 2010
    Goldman Sachs Pulls in a Profit
    Goldman Sachs Capital Partners
    Image via Wikipedia

    Goldman Sachs has managed pull in profits as revenues jump. So far, the earnings season for financial companies has been somewhat mixed, with some companies reporting profits (like JP Morgan Chase and Morgan Stanley), while others, like Citi, post losses.

    But with Goldman in the profit category, it seems as though things are probably looking better overall for the big banks that seemed on the verge of collapse toward the end of 2008. MarketWatch reports on the Goldman Sachs response to their profits:

    “Despite significant economic headwinds, we are seeing signs of growth and remain focused on supporting that growth by helping companies raise capital and manage their risks, by providing liquidity to markets and investing for our clients,” Chief Executive Lloyd Blankfein said in a press release.

    Some of the biggest helps to Goldman include underwriting fees it earned, as well as the fact that there were pay cuts. Compensation and benefits were cut in response to public outrage, and Goldman appears to have reaped some benefits.

    Reblog this post [with Zemanta]
    Technorati Tags: , , , , ,

    Add to: del.icio.us  Digg  Face Book  stumbleupon  technorati
    TrackBack

    TrackBack URL for this entry:
    http://loanshak.com/2010/01/goldman-sachs-pulls-in-a-profit.html/trackback

    Post your comment