Sunday, December 18, 2011

. Fixed income securities, trade in goods revenue falls

. But investment banking revenues rise from Q2 2010

. Bank of America is the highest quarterly net loss in its history

a fall in trade of harm to Goldman Sachs in the second quarter, revenue fell 18% to $ 7.28bn (£ 4.84bn), below analysts' estimates, with cons $ 8.84bn in the same quarter of 2010.

bank profits rose 77% to $ 1.09bn, compared with $ 613ma year earlier, when the bank paid $ 550 million to settle charges with the Securities and Exchange Commission, 600 million in payroll tax in the UK, but below the first quarter 2011 earnings of $ 2.7 billion.

banking revenues increased 54% year

Investment $ 1.45bn after Goldman Sachs ranked first in mergers and acquisitions for the year to date. However, net revenues from fixed income, currencies and commodities trading fell by 53% since the second quarter of 2010 to U.S. $ 1.6 billion.

The bank set aside $ 3.2 billion in compensation benefits and employee during the quarter, down 16% over the same quarter last year. Operating expenses were $ 5.67bn, 23% lower than the second quarter of 2010 and 28% lower than the first quarter of 2011. The company, with many competitors in the Wall Street is downsizing.

"During the second quarter, the operating environment more difficult than global macro-economic," said Lloyd Blankfein, president and CEO. "In addition, some of our companies has been disappointing because it reduces our market risk in response to attempts to manage price fluctuations and market liquidity. Despite these challenges, we continue to meet the needs of our customers through our strong global franchise and are well able to respond when economic conditions and feel better. "

Find best price for : --Lloyd----Sachs----Goldman----America----Bank--


Blog Archive